(1) The company or any interested party may, within 180 days after the confirmation of the proposals by the court, apply to the court for revocation of that confirmation on the grounds that it was procured by fraud and the court, if satisfied that such was the case, may revoke that confirmation on such terms and conditions, particularly with regard to the protection of the rights of parties acquiring interests or property in good faith and for value in reliance on that confirmation, as it deems fit.
(2) As soon as practicable after the revocation under this section of such a confirmation, a copy of the order made by the court shall be delivered to -
(a) the registrar of companies,
(b) in case the company to which the order relates is a company referred to in paragraph (a) of section 3(2), the Minister, and
(c) in case the company to which the order relates is a company referred to in paragraph (b) or (c) of section 3(2), the Central Bank,
by such person as the court may direct.