(1) The Court may, if necessary, and on such terms order any party-
(a) to state on affirmation orally or by affidavit what documents he has or had in his possession or power relating to the matters in question, or whether he has or had in his possession or power any specified document or documents or class of documents and, in either case, the present whereabouts of any documents formerly in his possession or power; or
(b) to produce any document in his possession or power.
(2) If the party is a corporation, any officer thereof may be ordered to act in like manner on its behalf.
(3) The Court may stay the proceeding pending compliance of the order or directions of the Court under this section.