Section 209:

209. Court may terminate or limit receivership (1) The Court may, on the application of the chargor or a liquidator of the chargor— (a) order that a receiver shall cease to act as such as from a specified date, and prohibit the appointment of any other receiver in respect of the property in receivership; or (b) order that a receiver shall, as from a specified date, act only in respect of specific assets forming part of the property in receivership. (2) An order may be made under subsection (1) only where the Court is satisfied that— (a) the purpose of the receivership has been satisfied so far as possible; or (b) circumstances no longer justify its continuation. (3) Unless the Court orders otherwise, a copy of an application under this section shall be served on the receiver not less than 5 working days before the hearing of the application, and the receiver may appear and be heard at the hearing. (4) An order under subsection (1)— (a) may be made on such terms as the Court thinks appropriate; and (b) shall not affect a security or charge over the property in respect of which the order is made. (5) The Court may, on the application of any person who applied for or is affected by the order, rescind or amend an order under this section.