(1) Where a management receiver—
(a) takes action in relation to property which is not realizable property;
(b) is entitled to take the action if it were realizable property; and
(c) believes on reasonable grounds that he or she is entitled to take the action,
he or she is not liable to any person in respect of any loss or damage resulting from the action, except so far as the loss or damage is caused by his or her negligence.
(2) An application may be made to the Court for an order giving directions as to the exercise of the powers of a management receiver by—
(a) the receiver;
(b) any person affected by action taken by the receiver; or
(c) any person who may be affected by action the receiver proposes to take.
(3) On an application under this section, the Court may make an order as it considers appropriate.
(Inserted by Act 18 of 2023)