(1) Where the Bank is of the opinion that a person is an excluded depositor by virtue of -
(a) being a connected person to whom paragraph (c) or (d) of the definition of "excluded depositor" in section 53 applies, or
(b) being a trustee of a trust for the benefit of a connected person to whom paragraph (e) of the definition of "excluded depositor" in section 53 applies, or
or that a person is a person to whom section 62(2) relates, then the Bank shall, except where subsection (2)(b) of this section applies, give notice in writing to the person of that opinion, the reasons therefor and the steps that may be taken by that person under subsection (2).
(a) A person to whom a notice under subsection (1) has been given in accordance with this section may, within 21 days of being so given, apply to the Court to have the relevant exclusion or deduction to which the notice relates set aside.
(b) Where the Bank is of the opinion that a person is an excluded depositor by