Order to set aside or restrain sale, etc. of charged property
67 Order to set aside or restrain sale, etc. of charged property
The registrar may apply to the Supreme Court for an order restraining the sale, transfer or other dealing with property under an enforcement warrant imposing a charge on property.
The Supreme Court may restrain the sale, transfer or other dealing, unless to do so would prejudice the rights or interests of a genuine purchaser or chargee without notice.
Also, the Supreme Court may—
order that property mentioned in the order must not be sold, transferred or otherwise dealt with; or
order that property mentioned in the order be sold, transferred or otherwise dealt with only in a stated way or circumstance.
In addition, the Supreme Court may set aside any sale, transfer or other dealing with property charged under an enforcement warrant, unless to do so would prejudice the rights or interests of a genuine purchaser or chargee without notice.
This Act’s bill:Explanatory memorandum
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