Saturday, August 13, 2016

Section 373 of Companies Act 2013

Section 373 of Companies Act 2013 :-

Suits stayed on winding up order.

Where an order has been made for winding up, or a provisional liquidator has been appointed for, a company registered in pursuance of this Part, no suit or other legal proceeding shall be proceeded with or commenced against the company or any contributory of the company in respect of any debt of the company, except by leave of the Tribunal and except on such terms as the Tribunal may impose.

India's Important Case Laws and Landmark Judgments on Companies Act 2013.

Section 373 Companies Act 1956 has been repealed.

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