471B
In forceStay of proceedings and suspension of enforcement process
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.4BWinding up in insolvency or by the Court
Division 1AEffect of winding up order
471B Stay of proceedings and suspension of enforcement process
While a company is being wound up in insolvency or by the Court, or a provisional liquidator of a company is acting, a person cannot begin or proceed with:
(a)
a proceeding in a court against the company or in relation to property of the company; or
(b)
enforcement process in relation to such property;
except with the leave of the Court and in accordance with such terms (if any) as the Court imposes.
This Act’s bill:Explanatory memorandumSecond reading speech
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