Page 39 of Annex
A
(2) Subject to subsections (3), (4), (5) and (6), the powers
shall be exercised with a view to recovering property which is
liable to be recovered under an external confiscation order
registered in the High Court under section 29 or, as the case may
be, with a view to making available for recovery property which may
become liable to be recovered under any external confiscation order
which may be made.
(3) In the case of realisable property held by a person to
whom the defendant has directly or indirectly made a gift caught by
this Ordinance, the powers shall be exercised with a view to
realising no more than the value for the time being of the gift.
(4) In the case of realisable property other than realisable
property referred to in section 7(1) (a), the powers shall be
exercised with a view to allowing any person other than the
defendant or the recipient of any such gift to retain or recover the
value of any property held by him.
(5) An order may be made or other action taken in respect of a
debt owed by the Government.
(6) In exercising those powers, no account shall be taken of
any obligations of the defendant or of the recipient of any such
gift which conflict with the obligation to satisfy the external
confiscation order.
15.
16.
Bankruptcy of defendant, etc.
(1) Where a person who holds realisable property is adjudged
bankrupt