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129. Grounds for resignation

(1) The administrator may give notice of his resignation on grounds of ill health or because —
(a) he intends ceasing to be an insolvency practitioner; or
(b) there is some conflict of interest, or change of personal circumstances, which precludes or makes impracticable the further discharge by him of the duties of administrator.
(2) The administrator may, with the permission of the Court, give notice of his resignation on grounds other than those specified in subsection (1).