171. (1) On an application by the Bank in accordance with subsection (2), the High Court may order that an ICAV that has been struck off the register of ICAVs be restored to the register of ICAVs if—

(a) the application is made within the period of 2 years after the date of dissolution of the ICAV, and

(b) it is just and equitable to do so.

(2) An application under this section shall be made on notice to each person who, to the knowledge of the Bank, was an officer of the ICAV at the date of its dissolution.

(3) On the making of the order, the ICAV shall be deemed to have continued in existence as if it had not been struck off.

(4) In making an order under this section, the High Court may award the Bank the costs of the application against the ICAV restored to the register of ICAVs.