64. Power of court to stay or dismiss proceedings on bankruptcy application

The court may at any time, for sufficient reason, make an order staying the proceedings on a bankruptcy application, either altogether or for a limited time, on such terms and conditions as the court may think just.

Without prejudice to subsection (1), where it appears to the court that the person making a bankruptcy application has contravened any of the provisions of this Act or any rules in relation to proceedings on a bankruptcy application, the court may, in its discretion, dismiss the application in lieu of staying any proceedings thereon under that subsection.