(1) The court may annul a bankruptcy order if it at any time appears to the court—
(a) that, on the grounds existing at the time the order was made, the order ought not to have been made, or
(b) that, to the extent required by the rules, the bankruptcy debts and the expenses of the bankruptcy have all, since the making of the order, been either paid or secured for to the satisfaction of the court.
(2) The court may annual a bankruptcy order made against an individual on a petition under paragraph (a). . . or (c) of section 264(1)
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