Application to Tribunal for confirming order, objections by creditors, and settlement of list of objecting creditors.

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....has passed a reso­lution for reducing share capital, it may apply, by petition, to the [1][Tribunal] for an order confirming the reduction.      (2) Where the proposed reduction of share capital involves either the diminution of liability in respect of unpaid share capital or the payment to any share­holder of any paid-up share capital, and in any other case if the 1[T....

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.... list are to claim to be so entered or are to be excluded from the right of objecting to the reduction;      (c) where a creditor entered on the list whose debt or claim is not discharged or has not determined does not consent to the reduction, the 1[Tribunal] may, if it thinks fit, dispense with the consent of that creditor, on the company securing payment of his debt or clai....