Section 25Part 1 — Banks and Trust Companies Act
Appeals
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An appeal lies to the Court from any decision of the Authority —
revoking a licence under section 11(5), paragraph (i) of section 18(1), or section 18(4) or (5);
withdrawing any approval under section 11(4);
requiring a licensee to take certain steps which the Authority may specify under section 18 ; or
made under regulation 4B(b) of the Private T rust Companies Regulations (2020 Revision) .
An appeal against the decision of the Authority shall be on motion. The appellant within twenty - one days after the day on which the Authority has given its decision shall serve a notice in writing signed by the ap pellant or the appellant’s attorne y - at - law on the Authority of the appellant’s intention to appeal and of the general ground of the appellant’s appeal: Provided that any person aggrieved by a decision of the Authority may, upon notice to the Authority, app ly to the Court for leave to extend the time within which the notice of appeal prescribed by this section may be served and the Court upon hearing of such application may extend the time prescribed by this section as it deems fit.
The Authority shall, upon receiving the notice of appeal, transmit to the Clerk of the Court without delay a copy of the decision and all papers relating to the appeal: Provided that the Authority is not compelled to disclose any information if it is considered that the public interest would suffer by such disclosure.
The Clerk of the Court shall set the appeal down for argument on such day, and shall cause notice of the same to be published in such manner, as the Court may direct.
At the hearing of the appeal the appellant shall, before going into the case, state all the grounds of appeal on which that appellant intends to rely and shall not, unless by leave of the Court, go into any matters not raised by such statements.
The Court may adjourn the hearing of an appeal and may, upon the hearing thereof confirm, reverse, vary or modify the decision of the Authority or remit the matter with the opinion of the Court thereon to the Authority.
An appeal against a decision of the Au thority shall not have the effect of suspending the execution of such decision.