Insolvency Act · s 123

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s 123Power to stay winding up

(1)

The Court may at any time after an order for winding up —

(a)

on the application of the liquidator, Official Receiver or any creditor or contributory; and

(b)

on proof to the satisfaction of the Court that all proceedings in the winding up ought to be stayed, make an order staying the proceedings, altogether or for a limited time, on such conditions as the Court thinks fit.

Insolvency 104

(2)

The Court may, before making an order, require the Official

Receiver to furnish to it a report with respect to any facts or matters which are in his opinion relevant to the application.

(3)

A copy of every order made under this section shall forthwith be forwarded by the company, or otherwise as may be prescribed, to the

Registrar, who shall enter it in his records relating to the company.