Stay on proceedings after a winding up order requires Tribunal leave, subject to terms; appeals in higher courts remain unaffected. A winding up order or appointment of a provisional liquidator stays commencement or continuation of suits or legal proceedings against the company unless the Tribunal grants leave, subject to such terms as the Tribunal may impose; the prohibition excludes proceedings pending on appeal before the Supreme Court or a High Court.
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 after a winding up order requires Tribunal leave, subject to terms; appeals in higher courts remain unaffected.
A winding up order or appointment of a provisional liquidator stays commencement or continuation of suits or legal proceedings against the company unless the Tribunal grants leave, subject to such terms as the Tribunal may impose; the prohibition excludes proceedings pending on appeal before the Supreme Court or a High Court.
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