(1) Where any person considers that a partial property transfer or a modification of contracts has been made in contravention of any of Regulations 137 to 140 and that, as a result of such transfer or modification, that person's property rights or liabilities have been adversely affected, he or she may apply to the Court for an order setting aside the transfer or modification to the extent of the contravention.
(2) An application under paragraph (1) shall be made by motion on notice grounded upon affidavit not later than 48 hours after publication, in accordance with Regulation 107, of the relevant resolution order.
(3) The Court shall in hearing an application under paragraph (1) act as expeditiously as possible consistent with the proper administration of justice and may, subject to Regulation 150, give such directions as it considers appropriate in the circumstances.
(4) On an application under paragraph (1), the Court may set aside the partial property transfer or modification of c
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