Reduction of share capital petition admitted, with notice, publication, and compliance directions issued before further hearing.

A petition for confirmation of reduction of share capital was admitted, and the Tribunal directed service of notices on creditors and the statutory authorities in the prescribed forms. It also required publication of notice in newspapers and invited objections and responses within the stipulated period, together with compliance filings before the next hearing. The operative effect was to move the reduction application forward subject to notice, publication, and procedural compliance requirements before further consideration.

---

---

Issues: Whether the petition for confirmation of reduction of share capital should be admitted and whether notices should be issued to creditors, regulatory authorities, and by publication.

Analysis: The petition was admitted, and the Tribunal directed issuance of notices to the creditors and the statutory authorities in the prescribed forms, publication of notice in newspapers, and filing of compliance and responses within the stipulated time.

Outcome: The petition was admitted and procedural directions were issued for notice, publication, objections, and compliance before further hearing.

---