At any time before he has sanctioned a liquidation-scheme under section 18, the Commissioner may, by an order published in the Bombay Government Gazette, direct that on a date fixed by such order the management shall be relinquished.
On the date so fixed—
(a) the management shall terminate;
(b) the owner of the property under management shall be restored to the possession thereof, subject to any leases made under section 10;
(c) any residue of the rents and profits of the said property, retained under the last clause of section 11, shall be paid to him; and
(d) the proceedings, processes, executions and attachments stayed and suspended under section 9, and the debts and liabilities barred by section 14, shall revive.
In calculating the periods of limitation applicable to suits to recover and enforce debts and liabilities revived under this section, the time during which the management has continued shall be excluded.
_______ V.—OF THE PROCEEDINGS SUBSEQUENT TO SANCTION OF THE LIQUIDATION-SCHEME.