Regulation 12 Repayment in case of bankrupts

Where it is shown to the satisfaction of the Director of Savingsthat a bankruptcy order has been made against any person who is the soleholder of a certificate, or that a trustee has been appointed in thebankruptcy of any such person, or that an order forthe administration inbankruptcy of the estate of a deceased sole holder has been made, theDirector of Savings may, if he thinks fit, on an application made inthat behalf by the Official Receiver or trustee pay to the OfficialReceiver or the trustee, as the case may be, the amount repayable inrespect of that certificate.