(1) The Minister, may, by petition, apply to the Court to order the compulsory liquidation or reorganisation of the licensee for which a receiver has been appointed under section 28.
(2) Upon an application under subsection (1) the Court may make an order requiring the licensee and any person having an interest in or claim against the licensee to show cause, at a time and place specified in the order which must not be less than 30 days after the date of the order, why the licensee should not be liquidated, dissolved or reorganised.
(3) A licensee or such other person as the Court may order shall—
(a) publish in the Gazette and in a newspaper published or distributed in Saint Lucia, as directed in the order, at least twice before the time appointed for the hearing; and
(b) serve upon each person named in the order,
a copy of an order made under this subsection.