Section 156

Upon the registration of any order made by the Court under section 148(2)(a), the estate or interest of the chargor shall vest in the chargee subject to any charges which may have priority but freed and discharged from any other estate or interest, and the liability of the chargor for the payment of any principal sum, interest or other moneys secured by the charge shall be discharged, except and to the extent that the order of the Court otherwise decrees.