Power to stay proceedings extends creditor applications to actions against contributories during pendency of a winding up petition. Power to stay or restrain suits and other legal proceedings after presentation of a winding up petition and before a winding up order is made extends, for companies registered under this Part, to suits and other legal proceedings against any contributory where the application to stay or restrain is made by a creditor.
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.
Power to stay proceedings extends creditor applications to actions against contributories during pendency of a winding up petition.
Power to stay or restrain suits and other legal proceedings after presentation of a winding up petition and before a winding up order is made extends, for companies registered under this Part, to suits and other legal proceedings against any contributory where the application to stay or restrain is made by a creditor.
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