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Power of court to stay or restrain proceedings. 347. Where an order has been made for winding up a company registered in pursuance of this Part, no action or proceeding shall be commenced or proceeded with against the company or any contributory of the company in respect of any debt of the company, except by leave of the court, and subject to such terms as the court may impose. Actions stayed on winding-up order.
© 1960 Crown Copyright
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