(1) A creditor of any of the companies involved in a division who -
(a) at the date of publication of the notice under section 1157(1)(b) is entitled to any debt or claim against the company, and
(b) can credibly demonstrate that the proposed division 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 a successor company,
shall be entitled to object to the confirmation by the court of the division.
(2) If the court deems it necessary in order to secure the adequate protection of creditors of any of the companies involved in the division 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 clai
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