Stay on proceedings may extend to company contributories when a creditor seeks restraint after 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 may, when the application is by a creditor, extend to suits and other legal proceedings against any contributory of a company registered under the relevant Part, aligning the stay-and-restraint mechanism with the insolvency framework.
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 may extend to company contributories when a creditor seeks restraint after 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 may, when the application is by a creditor, extend to suits and other legal proceedings against any contributory of a company registered under the relevant Part, aligning the stay-and-restraint mechanism with the insolvency framework.
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