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Article (93): Decisions Issued by the Liquidator

1)

The liquidator shall issue his decisions on the claims and objections it receives, pursuant to the provisions of Article (92) above, within a period not exceeding (6) six months from the date of submission.

2)

If the liquidator fails to issue his decision within the period referred to in Clause (1) above, the claims and objections shall be deemed to be rejected.

3)

Any interested party may challenge the liquidator’s decision issued pursuant to the provisions of Clauses (1) and (2) above before the competent court having jurisdiction where the Company’s head office is located, within a period of (30) thirty days from the date of being notified of the decision or from the date of the expiry of the period referred to in Clause (1) above, whichever is shorter.