Section 189
Rejection or discontinuance of proposal
of Malaysia Deposit Insurance Corporation Act 2011
Where the Corporation directs the conservator to abandon the proposal or otherwise discontinue the implementation of the proposal under section 188 or the proposal is not approved under
194
section 185 or 187, the Corporation may consider other options to deal with the management and disposal of the assets of the affected person and may—
(a)
request the conservator to submit a new proposal;
(b)
remove the moratorium imposed under section 179; or
(c)
appoint a replacement conservator.
(2)
Notwithstanding subsection (1), the Corporation may at any time terminate the appointment of a conservator and his administration if it is of the opinion that the continuation of the administration can no longer achieve the objects set out in subsection 161(1).
(3)
Any decision of the Corporation under subsection (1) or (2) shall be final and binding.