Companies Act, 2013

Power of Court to stay or restrain proceedings.

372. The provisions of this Act [or of the Insolvency and Bankruptcy Code, 2016, as the case may be,] with respect to staying and restraining suits and other legal proceedings against a company at any time after the presentation of a petition for winding up and before the making of a winding up order, shall, in the case of a company registered in pursuance of this Part, where the application to stay or restrain is by a creditor, extend to suits and other legal proceedings against any contributory of the company.

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