Compromises or arrangements heretofore sanctioned declared valid
13 Compromises or arrangements heretofore sanctioned declared valid
Every compromise or arrangement between such of the companies mentioned in the first column of the said Schedule as were incorporated by or under the provisions of any Act of the said colony and the creditors of such company or any class of such creditors and every sale under section one hundred and forty-six of the Companies Act 1890 which previous to the passing of this Act has been sanctioned by an order of the Supreme Court is hereby declared to be valid and binding in law and to be a compromise or arrangement within the meaning of the Companies Act Amendment Act 1892.
Provided always that nothing herein contained shall affect or prejudice the rights (if any) of the Crown or of any person to moneys paid into any old company by order of a court or paid in or deposited by any public officer whatsoever.
Provided always that no action suit proceeding or appeal pending at the time of the passing of this Act shall be abated or affected by any of the provisions of this section or of this Act.
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