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    <description>If an insolvency application is not disposed of within the period specified by the Code, the adjudicating tribunal must record reasons for the delay and, after taking those reasons into account, the President or Chairperson may extend the period for disposal for up to ten days; additionally, no court, tribunal or authority may grant an injunction in respect of actions taken or to be taken under the tribunal&#039;s powers under the Code.</description>
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