Deemed discontinuance of creditor’s bankruptcy application
93.—(1)  If it appears from the records maintained by the Court that no party to a creditor’s bankruptcy application has taken any step or proceeding in the bankruptcy application for a period of more than one year (or the period as extended by the Court under paragraph (3)) since the last step or proceeding that was taken in that bankruptcy application, the bankruptcy application is deemed to have been discontinued on the expiration of the period of one year (or the period as extended by the Court under paragraph (3)) after the taking of that last step or proceeding.
(2)  Paragraph (1) does not apply where the creditor’s bankruptcy application has been stayed pursuant to an order of the Court.
(3)  The Court may, on an application by any party made before the end of the period of one year mentioned in paragraph (1), extend the time for taking any step or proceeding to the extent that the Court thinks fit.
(4)  Where a creditor’s bankruptcy application has been discontinued under this rule, the Court may, on application, reinstate the bankruptcy application, and allow it to proceed on such terms as the Court thinks just.