Objection by creditor to discharge of bankrupt under section 125
—(1) Before issuing a certificate of discharge under section 125, the Official Assignee shall serve on each creditor who has filed a proof of debt a notice of his intention to discharge the bankrupt, together with a statement of his reasons for wanting to do so.
(2) A creditor who has been served with a notice under subsection (1) and who wishes to enter an objection to the Official Assignee issuing a certificate discharging the bankrupt may, within 21 days from the date of the Official Assignee’s notice, furnish the Official Assignee a statement of the grounds of his objection.
(3) A creditor who does not furnish to the Official Assignee a statement of the grounds of his objection in accordance with subsection (2) shall be deemed to have no objection to the discharge.
(4) A creditor who has furnished the Official Assignee with a statement of the grounds of his objection in accordance with subsection (2) may, within 21 days of being informed by the Official Assignee that his objection has been rejected, make an application to the court for an order prohibiting the Official Assignee from issuing a certificate of discharge.
(5) Every application under subsection (4) shall be served on the Official Assignee and on the bankrupt and the court shall hear the Official Assignee and the bankrupt before making an order on the application.
(6) On an application made under subsection (4), the court may, if it thinks it just and expedient —
dismiss the application;
make an order that the bankrupt shall not be granted a certificate of discharge by the Official Assignee for a period not exceeding 2 years; or
make an order permitting the Official Assignee to issue a certificate discharging the bankrupt but subject to such conditions as the court may think fit to impose, including conditions with respect to —
any income which may be subsequently due to the bankrupt after his discharge; or
any property devolving upon the bankrupt, or acquired by him, after his discharge,
as may be specified in the order.