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srilawsby aturio
As enacted
Contents

Part XII

365. Power to stay or restrain application or proceeding

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

(1)

At any time after the making of an application under paragraph (c) of subsection (2) of section 298 and pending determination of the application, the company or any creditor or contributory may, where an application or proceeding against the company or any of its property is pending in a court, apply to that court to stay or restrain the application or proceeding.

(2)

On an application under subsection (1), the court may stay or restrain the application or proceeding on such terms and conditions as may be necessary.

Read on from s 366

Part XIII

Read on from Part XIII

Part XIV

Cross - Border Insolvency

Read on from Part XIV

Part XV

Read on from Part XV

Part XVI

Read on from Part XVI

Part XVII

Read on from Part XVII

Schedules