Section 251 - Powers of Court in respect of a merger proposal

(1) Where the Court is satisfied that giving effect to a merger proposal would unfairly prejudice a member or creditor of a transferor company or any other person to whom a transferor company owes an obligation, the Court may, on the application of that person, make an order

(a) directing that effect shall not be given to the proposal,

(b) modifying the proposal in a manner as may be specified in the order,

(c) directing the company or the directors of the company to reconsider the proposal or any part of it, and

(d) in relation to the proposal that the Court considers fit, at any time before the date on which the merger becomes effective.

(2) The Court may make an order under subsection (1) on the conditions that the Court considers appropriate.