120   Examination by receiver

(1)  The Supreme Court may, on the application of a receiver, make such order as it thinks fit for the examination by the receiver of a licensee or other person in relation to receivable property.

(2)  On an examination under this section:

(a)  the licensee or other person may be legally represented, and

(b)  the Supreme Court may put, or allow to be put, to the licensee or other person such questions as it thinks fit.

(3)  The licensee or other person may be examined on oath or affirmation.

(4)  The licensee or other person is compellable to answer all questions asked in the course of the examination, including any question to which an objection is made on the ground that the answer would tend to incriminate the licensee or other person.

(5)  An answer given by a licensee or other person to a question to which such an objection is made is not admissible in any criminal proceedings other than proceedings relating to the falsity of the answer.