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Section 373: Suits stayed on winding up order

The Companies Act, 2013Central Act · Act 18 of 2013

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.

Where this provision sits

ActThe Companies Act, 2013
Section373
Marginal noteSuits stayed on winding up order
JurisdictionCentral
StatusIn force as published by the source

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