84. Authority to function as Receiver

For the purposes of this Act, the Authority, shall be empowered to function as a Receiver or as a Special

Where the Authoritys has been established or there exists any other specialized authority of the state capable of effectively protecting, preserving or managing a seized or frozen property, the High Court shall not appoint any other person to function as a Receiver or as a Special Manager, unless following inquiry from Authority and upon a consideration of the nature of the seized or frozen property, the Court is of the view that the property cannot be properly protected, preserved or managed by the Authority or such other state authority.

Where the Authority has not been established or is not efficaciously functioning, and there does not exist any specialized agency of the state that is capable of effectively protecting, preserving and or managing the seized or frozen property, the High Court may for reasons to be recorded directly consider the appointment of a Receiver or a Special