Power to stay winding up: tribunal may order a stay on application, subject to terms and a liquidator's report. The Tribunal may, after making a winding up order, on application by the Official Liquidator or any creditor or contributory and on proof that proceedings ... Summary
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Power to stay winding up: tribunal may order a stay on application, subject to terms and a liquidator's report.
The Tribunal may, after making a winding up order, on application by the Official Liquidator or any creditor or contributory and on proof that proceedings ought to be stayed, order a stay of winding up proceedings wholly or for a limited time on such terms as it thinks fit; the Tribunal may require the Official Liquidator to furnish a report relevant to the application; and every order must be forwarded to the Registrar who shall minute the order in the company's books.
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