alleryStart learning →The Tribunal may confirm a reduction once each creditor's debt is
AReported to the company's auditors
BConverted into preference shares
CDischarged, secured or consented to
DWaived by the Registrar of Companies
Answer & Solution
Correct answer: C. Discharged, secured or consented to
Section 66(3) lets the Tribunal confirm once every creditor's claim is discharged, determined, secured or his consent is obtained.
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