Cos 373 — Suits stayed on winding up order

Companies Act, 2013

Statutory text

Where  an  order  has  been  made  for  winding  up,  or  a provisional liquidator has been appointed  for, a  company registered  in pursuance of this  Part, no suit or other legal proceeding shall be proceeded with or commenced against the company or any contributory of the company in respect of any debt of the company, except by leave of the Tribunal and except on such terms as the Tribunal may impose.

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