Section 428 of Insolvency Act CAP 53: Power to stay or restrain proceedings against company when liquidation application has been made
(1) At any time after the making of a liquidation application, and before a liquidation order has been made, the company, or any creditor or contributory, may—
(a) if legal proceedings against the company are pending in the Court, apply to the Court for the proceedings to be stayed; and
(b) if proceedings relating to a matter are pending against the company in another court, apply to the Court to restrain further proceedings in respect of that matter in the other court.
(2) On the hearing of an application under subsection (1)(a) or (b), the Court may make an order staying or restraining the proceedings on such terms as it considers appropriate.
(3) If, in relation to a company registered (but not formed) under the Companies Act (Cap. 486), the application is made by a creditor, this section extends to any contributory of the company.
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(1) In a liquidation ordered by the Court—
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- Section 432 - Consequences of liquidation order
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(2) If meetings are held in...
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- Section 444 - Liquidator to assume control of company's property when liquidation order made
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(2) Subsection (1) is subject to the...
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The Court shall adjust the rights of the contributories among themselves and distribute any surplus among the persons entitled to it.
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(2) The...
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(1) If the assets of a company are insufficient to satisfy its liabilities, the Court may—
(a) make an order for the expenses incurred in the liquidation to be paid out of the company's assets;...
- Section 457 - Power to arrest absconding contributory
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(1) This section applies with respect to the removal from office and vacation of office of—
(a) the liquidator of a company that being liquidated by the Court; or (b) a provisional liquidator.
(2) A...
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(2) Subsection (1) is...
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(1) This section applies to a company that is being liquidated by the Court.
(2) If a person (whether or not a landlord or person entitled to rent) has distrained on the property of the company...
- Section 473 - Expenses of liquidation to have priority over claims under floating charge
(1) The expenses of liquidating a company, so far as the assets of the company available for payment of general creditors are insufficient to meet those expenses, have priority over any claims to...
- Section 474 - Share of assets to be made available for unsecured creditors where floating charge relates to company's property
(1) This section applies to a company in respect of which a floating charge relates to its property—
(a) if the company is in liquidation or under administration; or (b) if a provisional liquidator...
- Section 475 - Power of the Court to appoint special manager of company's business or property when company is in liquidation or provisional liquidator appointed
(1) If a company is in liquidation or a provisional liquidator is appointed in respect of the company, the Court may, on an application made under subsection (2), appoint a person to be the special...
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- Section 478 - Effect of disclaimer in relation to land subject to rentcharge
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