Direction by Central Bank.
1. The Central Bank may revoke a direction given under section 40(2) unless an order under paragraph 3 has been made by the Court in respect of the direction.
2. A building society to whom a direction has been given under section 40(2) may apply to the Court for, and the Court may grant, an order setting aside the direction.
3. The Central Bank may apply to the Court for, and the Court may grant, an order confirming a direction or confirming it and, subject to paragraph 5, extending the period of its operation for such time, not exceeding the period of 12 months from the date the direction commenced to have effect, as the Court may, having regard to all the circumstances, consider appropriate.
4. In addition to or in lieu of an order under paragraph 3 the Court may make such other order in the case as may appear to it to be necessary, including an order directing any person who holds money or other assets for or on behalf of the society, or a