Section - 446 - Companies Act, 1956

Section - 446 - Suits stayed on winding up order

Suits stayed on winding up order.

446. (1) When a winding up order has been made or the Official Liquidator has been appointed as provisional liquidator, no suit or other legal proceeding shall be commenced, or if pending at the date of the winding up order, shall be proceeded with, against the company, except by leave of the

[Tribunal] and subject to such terms as the

[Tribunal] may impose.

[(2) 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;

(b) any claim made .... To read the full section download the app from Google Play store