Stay on proceedings against contributories: Tribunal leave required and may impose terms during winding up. When an order winds up an unregistered company, no suit or legal proceeding for the company's debts may be continued or commenced against a contributory except with the leave of the Tribunal and on such terms as the Tribunal may impose.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Stay on proceedings against contributories: Tribunal leave required and may impose terms during winding up.
When an order winds up an unregistered company, no suit or legal proceeding for the company's debts may be continued or commenced against a contributory except with the leave of the Tribunal and on such terms as the Tribunal may impose.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.