11. Replacement of section 10 of the principal enactment

Section 10 of the principal enactment is hereby repealed and the following section is substituted therefor: -

10. In confirming a Freezing Order made under section 7, if the High Court is of the opinion that such Order could damage legitimate business or other interests of any person affected thereby and that any essential transaction in relation to the property which is subject to such Freezing Order, may be legitimately carried out, the High Court may, on an application made in that behalf or on its own motion, make order –

sanctioning the carrying out of such transaction; or

sanctioning the carrying out of such transaction under the supervision of the Receiver or Special Manager who may be appointed, or the Proceeds of