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of <h1>Court Can Pause Legal Actions Against Companies During Winding-Up Petitions Under Specific Act Section</h1> The Act grants the court authority to stay or restrain legal proceedings against a company after a winding-up petition is presented and before a winding-up order is made. This power extends to cases where a creditor applies to stay or restrain proceedings against any contributory of the company. This provision applies to companies registered under the specified part of the Act, ensuring that legal actions can be paused during the critical period of winding-up proceedings.
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