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9. Discharge and variation of Cell Liquidation Orders

(1) An application to Court may be made by a Cell Liquidator to —
(a) discharge the Cell Liquidation Order if he thinks the purpose for which the order was made has been achieved or substantially achieved or is incapable of being achieved; or
(b) vary the Cell Liquidation Order.
(2) The Court, on hearing an application for the discharge or variation of a Cell Liquidation Order, may make such order as it considers appropriate, may dismiss the application, may make any interim order or may adjourn the hearing, conditionally or unconditionally.
(3) Upon the Court discharging a Cell Liquidation Order in respect of a cell on the ground that the purpose for which the order was made has been achieved or substantially achieved —
(a) the Court may direct that any payment made by the Cell Liquidator to any creditor of the Protected Cell Company in respect of that cell shall be deemed full satisfaction of the liabilities of the Protected Cell Company to that creditor in respect of that cell; and
(b) the creditor's claims against the Protected Cell Company in respect of that cell shall be thereby deemed extinguished but nothing in this sub-paragraph (3) shall operate so as to affect or extinguish any right or remedy of a creditor against any other person, including any surety of the Protected Cell Company.
(4) The Court may, upon discharging a Cell Liquidation Order in respect of a cell of a Protected Cell Company, direct that the cell shall be dissolved on such date as the Court may specify.
(5) When a cell of a Protected Cell Company has been dissolved under sub-paragraph (4), the Protected Cell Company may not undertake business or incur liabilities in respect of that cell.