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3.32.—(1) Paragraphs (2) to (4) apply where the administrative receiver applies to the court under Article 53(1) for authority to dispose of property of the company which is subject to a security.
(2) The court shall fix a venue for the hearing of the application and the administrative receiver shall forthwith give notice of the venue to the person who is the holder of the security.
(3) If an order is made under Article 53(1), the administrative receiver shall forthwith give notice of it to that person.
(4) The court shall send 2 sealed copies of the order to the administrative receiver, who shall send one of them to that person.
[E.R.3.31]
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