646 Creditors entitled to object to reduction
646 Creditors entitled to object to reduction
Companies Act 2006 | Legislation

(1)     Where this section applies (see section 645(2) and (4)), every creditor of the company who[—

(a)]     at the date fixed by the court is entitled to any debt or claim that, if that date were the commencement of the winding up of the company would be admissible in proof against the company[, and

(b)     can show that there is a real likelihood that the reduction would result in the company being unable to discharge his debt or claim when it fell due],

is entitled to object to the reduction of capital.