Section 55Part 2 — The Financial Reporting Authority
Effect of restraint order
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Where a court makes a restraint order or an order under section 52 appointing an enforcement recei ver in respect of realisable property —
no distress may be levied against any realisable property to which the order applies except with the leave of the court and subject to any terms the court may impose;
if the order applies to a tenancy of any premises, no landlord or other person to whom rent is payable may exercise a right within paragraph
except with the leave of the court and subject to any terms the court may impose; ( c ) a right is within this paragraph if it is a right of forfeiture by peaceable re - entry in relation to the premises in respect of any failure by the tenant to comply with any term or condition of the tenancy; and
if a court in which proceedings are pending in respect of any property is satisfied that a restraint order has been applied for or made in respect of the property, the court may either stay the proceedings or allow them to continue on any terms it thinks fit.
The court, before exercising any power conferred by subsection (1) (d), shall give the Director of P ublic Prosecutions and any receiver appointed under previous sections an opportunity to be heard. Receivers: further provisions