The liquidator obtained a court order on that basis.
The liquidator, BDO Stoy Hayward, declined to comment.
The liquidator, however, was appointed by the Singapore court and has no legal powers in Indonesia.
The liquidator is handling claims of £700m, most of which relate to former employees' pensions.
The liquidator, Ashok Bhardwaj, said the college was told by UKBA on 29 July it would no longer be able to sponsor foreign students.
The Liquidator A Hot Market For Unsold Clothes Andrew J. Waites, a tall, tan, well-dressed man with a thick Southern accent, jumped into e-commerce last year.
The liquidator contended that as directors of the overseas unit, Andrew and Mark Madoff, along with six other board members, were aware that certain payments from the United States were a sham.
The liquidator, Abbot Fielding, says it has received creditor claims totalling £10.5m whilst assets only amount to between £2m- £2.5m.
The liquidator of Ukio Bankas can sell the 29.9% shareholding it has in Hearts, as well as Tynecastle Stadium, which was held as security for the debt.
The liquidator can also sell the assets and the business to pay off the debts and undo any dealings or trading which he deems to be void.
The liquidator has powers to examine the governance and administration of the club before its insolvency and report on any issues he feels should be raised with creditors.
