Section 16
( 1)
of Criminal Conduct (Recovery of Proceeds) Order, 2000
Where an order of adjudication for bankruptcy has been made against a person who holds realisable property-
(a} any property subject for the time being to a restraint order made before the order for bankruptcy; and
(b)
any proceeds of property realised under subsection 18} of section 10
or subsections (5} or (6) of section 12 for the time being in the hands of a receiver appointed under sections 10 or 12,
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is excluded from the property of the bankrupt for the purposes of the Bankruptcy
Act (Chapter 67).
(2)
Where any order of adjudication for bankruptcy has been made against any person, the powers conferred on the Court by sections 10 to 13 or on a receiver appointed by such order shall not be exercised in relation to -
(a)
property for the time being comprised in the bankrupt's estate for the purposes of the Bankruptcy Act (Chapter 67);
(b)
property which is to be applied for the benefit of creditors of the bankrupt under any provision of or any condition imposed under subsection (3) of section 30 of that Act.
(3)
Nothing in the Bankruptcy Act (Chapter 67) shall be taken as restricting or enabling the restriction of the exercise of the powers conferred on the Court by sections 10 to 13 or on a receiver.
(4)
Subsection (2) does not affect the enforcement of a charging order -
(a)
made before the order of adjudication for bankruptcy was made; or
(b)
on property which was subject to a restraint order when the order for bankruptcy was made.
(5)
Where, in the case of a debtor-
(a)
the Official Receiver appointed by sections 13 or 15 of the
Bankruptcy Act (Chapter 67) has been ordered to become the interim receiver or special manager of the property, estate or business (as the case may be) of the debtor; and
(b)
any property of the debtor is subject to a restraint order, the powers conferred on the Official Receiver under that Act do not apply to property for the time being subject to the restraint order.
(6)
Where any order for bankruptcy has been made against a person who has directly or indirectly made a gift caught by this Order, sections 31 and 4 7 of the Bankruptcy Act (Chapter 67) shall not apply 995
{a)
in respect of the making of the gift at any time when proceedings for an offence to which this Order applies have been instituted against him and have not been concluded; or
(b)
when property of the person to whom the gift was made is subject to a restraint order or charging order.
Winding up of company holding realisable property.