TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 372 widens power to stay suits against company and contributories after winding-up petition, before order</h1> Section 372 extends the court's power to stay or restrain suits and other legal proceedings during winding up to cover proceedings against contributories of certain registered companies. Once a winding-up petition is presented but before a winding-up order is made, and where the application is made by a creditor, the court may stay or restrain legal actions not only against the company but also against its contributories. These powers apply under the Companies Act, 2013 and, where relevant, under the Insolvency and Bankruptcy Code, 2016, ensuring coordinated control over proceedings affecting both the company and those liable to contribute to its assets.
TaxTMI 
TaxTMI 
