(1) Without prejudice to the powers of the Bank under this Act, the Bank may apply to the court and the court may, if satisfied of the matters set forth in subsection (2), appoint one or more inspectors to investigate the affairs of that investment limited partnership and, where necessary, any associated undertaking and to report thereon in such manner as the court directs.

(2) The court may appoint an inspector under this section where it is satisfied that there are circumstances suggesting that -

(a) limited partners are being oppressed or their interests as limited partners disregarded,

(b) limited partners are not being given all the information relating to the affairs of the investment limited partnership which they might reasonably expect,

(c) the affairs of the investment limited partnership are being conducted with the effect of defrauding its creditors or the creditors of any other person or in an unlawful manner,

(d) there has been persistent default by the investment limited partnership, its general partner or depositary in complying with the requirements of this Act,