Suits stayed on winding up order.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l be proceeded with, against the company, except by leave of the ^[1][Tribunal] and subject to such terms as the ^[2][Tribunal] may impose. ^[3][(2) ^[4][The Tribunal] shall, notwithstanding anything contained in any other law for the time being in force, have jurisdiction to entertain, or dispose of^___      (a) any suit or proceeding by or against the company;  ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ub-section (3)^[7] shall apply to any proceeding pending in appeal before the Supreme Court or a High Court.]     --------------------------------------------- Notes:- [1] Substituted for "Court" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. [2] Substituted for "Court" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to....