Bare ActsCompanies Act, 1956

Section 580

Power of Court to stay or restrain proceedings

Amendment status not verified — confirm the current text below against the official source.

The provisions of this Act 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.

Section 580 – Companies Act, 1956 | DailyLaw.ai