https://www.taxtmi.com/acts?id=12842 Power to stay or restrain proceedings against a company arises after presentation of a winding up petition and before a winding up order is made; the company, any creditor or contributory may apply to stay or restrain pending suits or proceedings, and the tribunal may grant such relief on terms it thinks fit, distinguishing applications by the forum in which proceedings are pending to prevent multiplicity of litigation and preserve assets for winding up. en-us Tue, 17 May 2011 14:23:26 +0530 Tue, 17 May 2011 14:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12842 Power to stay or restrain proceedings against a company arises after presentation of a winding up petition and before a winding up order is made; the company, any creditor or contributory may apply to stay or restrain pending suits or proceedings, and the tribunal may grant such relief on terms it thinks fit, distinguishing applications by the forum in which proceedings are pending to prevent multiplicity of litigation and preserve assets for winding up. Act-Rules Companies Law Tue, 17 May 2011 14:23:26 +0530 https://www.taxtmi.com/acts?id=12842