453T
In forceSuspension of enforcement process
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.3BRestructuring of a company
Division 2Restructuring
Subdivision EEffect on company etc. during restructuring
453T Suspension of enforcement process
During the restructuring of a company, no enforcement process in relation to property of the company can be begun or proceeded with, except:
(a)
with the leave of the Court; and
(b)
in accordance with such terms (if any) as the Court imposes.
This Act’s bill:Explanatory memorandumSecond reading speech
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