Section 147N
of International Business Companies Order, 2000
Section 147N
(a)
whether any right is or is not in respect of a particular cell;
(b)
whether any creditor is or is not a creditor in respect of a particular cell;
(c)
whether any liability is or is not attributable to a particular cell;
(d)
the amount to which any liability is limited,
Incorporating amendments until S 53/2017
(Clean Vesion) NANI/zimah _ as of 11 February 2020
135
BLUV as at 20th June 2017
the Court, on the application of the DCC and without prejudice to any other right or remedy of any person, may make a declaration in respect of the matter in dispute.
(2)
The Court, on hearing an application for a declaration under subsection (1) –
(a)
may direct that any person shall be heard on the application;
(b)
may make an interim declaration, or adjourn the hearing, conditionally or unconditionally;
(c)
may make the declaration subject to such terms and conditions as it thinks fit;
(d)
may direct that the declaration shall be binding upon such persons as may be specified.
DCC to give notice of status.