(1) Unless the High Court orders otherwise, when one or more than one application is made under section 150(5), a resolution specified in paragraph (c) of the definition of "transfer documents" in section 149(1) in relation to an ICAV shall not take effect until -
(a) where the application or all the applications to the High Court are withdrawn -
(i) the day on which the resolution is passed,
(ii) the day next following the day on which the last outstanding application is withdrawn, or
(iii) the 31st day following the publication of the notice on the creditors under section 150(7),
whichever is the latest, and
(b) where all applications to the High Court are not withdrawn -
(i) the day on which the resolution is passed,
(ii) the day specified in the order or, if no date is specified in the order, the day next following the day on which the period for which the order is specified to remain in force expires or otherwise ceases to be in force, or
(iii) the day next following the decision
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