82(1)Where a company has redeemed any debentures previously issued, the company, unless the conditions of issue expressly otherwise provide, or unless the debentures have been redeemed in pursuance of any obligation on the company so to do, not being an obligation enforceable only by the person to whom the redeemed debentures were issued, or his assigns, has power to keep the debentures alive for the purposes of re-issue and, where a company has purported to exercise such a power, the company has power to re-issue the debentures either by re-issuing the same debentures or by issuing other debentures in their place, and upon such a re-issue the person entitled to the debentures has the same rights and priorities as if the debentures had not previously been issued.