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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter XX - Part III Provisions applicable to every mode of winding up This

Clause 335 - Certain attachments, executions, etc., in winding up by Tribunal to be void. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter XX - Part III
Provisions applicable to every mode of winding up
  • Contents

Certain attachments, executions, etc., in winding up by Tribunal to be void.

     335. (1) Where any company is being wound up by the Tribunal,—

           (a) any attachment, distress or execution put in force, without leave of the Tribunal against the estate or effects of the company, after the commencement of the winding up; or

           (b) any sale held, without leave of the Tribunal of any of the properties or effects of the company, after such commencement, shall be void.

      (2) Nothing in this section shall apply to any proceedings for the recovery of any tax or impost or any dues payable to the Government.

 
 
 
 

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