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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter XXI - Part I Companies authorised to register under this Act This

Clause 373 - Suits stayed on winding up order. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter XXI - Part I
Companies authorised to register under this Act
  • Contents

Suits stayed on winding up order.

373. 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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