(1) Where a petition of bankruptcy or a petition for arrangement is presented, the registrar of the court shall furnish the Registrar with notice of the presenting of the petition and the Registrar shall thereupon cause an entry to be made in the register inhibiting, for a period of three months from the date of the petition, any dealing with any registered land or charge which appears to be affected.
(2) Where any doubt arises as to the identity of the debtor or where the existence of a charge registered in the name of the debtor cannot readily be ascertained, the Registrar shall, as soon as possible after receiving notice of the presenting of the petition and after making such inquiries and giving such notices (if any) as he deems necessary, take such action in the matter as he thinks advisable.
(3) Where notice of the presenting of a petition has been given under this section and -
(a) the petition is afterwards dismissed or not proceeded with, or
(b) the registered owner is adjudic
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