Section 55 — Withdrawal of notice

B or B’s assignee (as the case may be) may, at any time before an adjustment relief assessor makes a determination concerning A’s proposed revision to the repayment schedule, withdraw its notice of objection by —

(a)serving a notice of withdrawal of the notice of objection on A, and B and B’s assignees (but not on the person making the withdrawal), within the service period for that notice of withdrawal; and

(b)lodging that notice of withdrawal with the adjustment relief Registrar within the service period for that notice of withdrawal.[Act 37 of 2020 wef 14/01/2021]