Supreme Court may authorise postponement of realisation and carrying on of business
51A Supreme Court may authorise postponement of realisation and carrying on of business
The Supreme Court may, if it considers it beneficial so to do and subject to the conditions it considers appropriate to impose, authorise an executor or administrator—
to postpone, for the period the court considers appropriate, the realisation of the real or personal estate of a deceased person, or any part of that estate; or
to carry on, for the period or periods that the court from time to time considers appropriate, the business, trade or occupation of the deceased person, and for that purpose to use the estate or part of it.
An order under this section may be made either ex parte or on the notice the Supreme Court considers proper, and may be varied from time to time as the court considers appropriate.
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