(1) The High Court may at any time vary or discharge an interim freezing order.
(2) The High Court must discharge an interim freezing order, so far as it has effect in relation to any property, in each of the following three cases.
(3) The first case is where -
(a) the applicable 48 hour period has ended, and
(b) a relevant application has not been made before the end of that period in relation to the property concerned.
(4) The second case is where -
(a) a relevant application has been made before the end of the applicable 48 hour period in relation to the property concerned, and
(b) proceedings on the application (including any on appeal) have been determined or otherwise disposed of.
(5) The third case is where the court has received a notification in relation to the property concerned under section 362D(4) (notification from enforcement authority of no further proceedings).
(6) The "applicable 48 hour period" is to be read as follows -
(a) in a case where the respondent complies, o
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