Section 169:

169. Court may terminate liquidation (1) The Court may, at any time after the appointment of a liquidator, if it is satisfied that it is just and equitable to do so, make an order terminating the liquidation of the company, or stay the liquidation for such time as the Court thinks fit. (2) An application under this section may be made by the liquidator, a director or shareholder of the company, a creditor of the company or the Director or such other person as the Court may authorise. (3) The Court may require the liquidator to furnish a report to the Court with respect to any facts or matters relevant to the application. (4) The Court may, on making an order under subsection (1), or at any time thereafter, make such other order as it thinks fit in connection with the termination or staying of the liquidation. (5) Where the Court makes an order under this section, the person who applied for the order shall, within 14 days after the order was made, submit a certified copy of the order to the Director for registration. (6) Where the Court makes an order under subsection (1) terminating the liquidation, the company ceases to be in liquidation and the liquidator ceases to hold office with effect on and from the making of the order or such other date as may be specified in the order. (7) Where the Court makes an order under subsection (1) staying the liquidation for a period of time, the liquidator shall cease to conduct any further action on behalf of the company from the date named by the Court.