Insolvency Act · 2022 Revised Edition · Chapter VI
123. Power to stay winding up
Official textFrom Attorney General's Chambers, unchanged
The Court may at any time after an order for winding up —
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
on the application of the liquidator, Official Receiver or any creditor or contributory; and
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
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.
A copy of every order made under this section shall forthwith be forwarded by the company, or otherwise as may be prescribed, to the
company
“company” means a company incorporated or registered under the Companies Act;
Registrar, who shall enter it in his records relating to the company.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
Court
Defined · s 3“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
insolvency
Defined · s 3“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
Chapter VII
Chapter VIII
Chapter IX
Chapter X
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