Discharge and variation of administrative orders

(1) The Court shall not discharge an administrative order unless it appears to the Court that, (a) the purpose for which the administrative order was made has been achieved or is incapable of achievement; or (b) it would otherwise be desirable or expedient to discharge the administrative order. 28 (2) The Court, on the hearing of an application for the variation or discharge of an administrative order, may make any interim order or adjourn the hearing, conditionally or unconditionally. (3) Upon the discharge of an administrative order, the Court may direct, where the administrative order was made in respect of a protected cell company; that, (a) any payment made by the administrator to any creditor of the protected cell company be deemed full satisfaction of the liabilities of the protected cell company to that creditor; and the creditor’s claims against the protected cell company shall be thereby deemed extinguished; or (b) any payment made by the administrator to any creditor of the protected cell company in respect of that cell shall be deemed full satisfaction of the liabilities of the protected cell company to that creditor who has a right of recourse against such a cell; and the creditor’s claims against the protected cell company in respect of that cell shall be thereby deemed extinguished. (4) Nothing in subsection (3) of this section shall operate so as to affect or extinguish any right or remedy of a creditor against any other person, including any surety of the protected