(1) A creditor of any of the merging companies who -
(a) at the date of publication of the notice under section 1135(1)(b) is entitled to any debt or claim against the company, and
(b) can credibly demonstrate that the proposed merger would be likely to put the satisfaction of that debt or claim at risk, and that no adequate safe-guards have been obtained from the company or the acquiring company,
shall be entitled to object to the confirmation by the court of the merger.
(2) If the court deems it necessary in order to secure the adequate protection of creditors of any of the merging companies it may -
(a) determine a list of creditors entitled to object and the nature and amount of their debts or claims, and may publish notices fixing a day or days within which creditors not entered on the list are to claim to be so entered or are to be excluded from the right of objecting to the confirmation;
(b) where a creditor entered on the list whose debt or claim is not discharged or has not te
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