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Stay of proceedings prevents initiating or continuing suits against a company in winding up without Tribunal leave and terms. When a company is under a winding up order or a provisional liquidator is appointed, no suit or legal proceeding may be commenced or continued against the company or any contributory in respect of the company's debts except by 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.
<h1>Stay of proceedings prevents initiating or continuing suits against a company in winding up without Tribunal leave and terms.</h1> When a company is under a winding up order or a provisional liquidator is appointed, no suit or legal proceeding may be commenced or continued against the company or any contributory in respect of the company's debts except by leave of the Tribunal and on such terms as the Tribunal may impose.
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