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srilawsby aturio
As enacted
Contents

Part XII · Winding Up

274. Power to stay or restrain proceedings against a company

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

At any time after the presentation of a winding-up petition, and before a winding-up order has been made, the company or any creditor or contributory may-

(a)

where any action or proceeding against the company is pending in any court in Sri Lanka, make an application to the court in which such action or proceeding is pending for a stay of proceedings therein ; and

(b)

where any other action or proceeding is pending against the company, make an application to the court having jurisdiction to wind up the company, to restrain further peoceedings in such action or proceeding, and the court to which application is so made may, as the case may be, stay or restrain the proceedings accordingly on such terms as it thinks fit.

Read on from s 275

Part XIII

Administrators Appointment of Administrator

Read on from Part XIII

Part XIV

Floating Charges

Read on from Part XIV

Part XV

Receivers and Managers

Read on from Part XV

Part XVI

Registrar-General of Companies and Registration Appointment of Officers

Read on from Part XVI

Part XVII

Application of Act to Existing Companies

Read on from Part XVII

Part XVIII

Overseas Companies

Read on from Part XVIII

Part XIX

Advisory Commission

Read on from Part XIX

Part XX

Companies Disputes Board

Read on from Part XX

Part XXI

Offences Miscellaneous Offences

Read on from Part XXI

Part XXII

Miscellaneous Prohibition of Partnership with More Than Twenty Members

Read on from Part XXII

Part XXIII

Repeals and Amendments

Read on from Part XXIII

Schedules