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        Companies Law

        Section 373 - Suits stayed on winding up order

        Companies Act, 2013
        Part I
        Companies authorised to register under this Act

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        Winding up stay bars proceedings against the company or contributories except with Tribunal leave and imposed terms. An order for winding up or the appointment of a provisional liquidator stays suits and other legal proceedings against the company or its contributories in respect of any debt, except by leave of the Tribunal and subject to 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.

                                Winding up stay bars proceedings against the company or contributories except with Tribunal leave and imposed terms.

                                An order for winding up or the appointment of a provisional liquidator stays suits and other legal proceedings against the company or its contributories in respect of any debt, except by leave of the Tribunal and subject to such terms as the Tribunal may impose.


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