54Applications to court for directions

54 Applications to court for directions

54 Applications to court for directions

(1) If, in the administration of this Act, a question arises as to—

(a) the rights of any creditor or alleged creditor, or

(b) the validity of any act done or proceeding taken under this Act, or

(c) the extent of the powers of the Authority,

the creditor or alleged creditor or the Authority may refer the question to the Supreme Court or the District Court for decision.

(2) The decision of the Court on the question is final and conclusive.

(3) The costs of the proceeding shall be in the discretion of the Court.

(4) Rules of court may be made with respect to procedure and practice in any such proceedings.