Companies Act, 1956
Section - 581 - Suits stayed on winding up order
Suits stayed on winding up order.581. 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. .... To read the full section download the app from Google Play store
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