(1) Where the Court makes an order appointing a receiver in respect of any realizable property or specified property—
(a) no distress may be levied against the property except with the leave of the Court and subject to any terms the Court imposes; and
(b) if the receiver is appointed in respect of a tenancy of any premises, no landlord or other person to whom rent is payable may exercise a right of forfeiture by peaceable re-entry in relation to the premises in respect of any failure by the tenant to comply with any term or condition of the tenancy, except with the leave of the Court and subject to any terms the Court imposes.
(2) Where proceedings are pending before the Court in respect of property and the Court is satisfied that a restraining order has been applied for or made in respect of the property, the Court may stay the proceedings or allow the proceedings to continue on terms it thinks fit.
(3) Where the Court is satisfied that an order appointing a receiver in respect of the property has been applied for or made, the Court may stay the proceedings or allow the proceedings to continue on any terms it thinks fit.
(4) Before exercising a power under subsection (3), the Court shall give an opportunity to make a representation to—
(a) the Director of Public Prosecutions; and
(b) the receiver, if the order under section 40N has been made.
(Inserted by Act 18 of 2023)