Section 372. Power of Court to stay or restrain proceedings | Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR
   valid as on 03/04/2025

Section 372. Power of Court to stay or restrain proceedings
Effective from 15-12-2016

The provisions of this Act or of the Insolvency and Bankruptcy Code, 2016, as the case may be, with respect to staying and restraining suits and other legal proceedings against a company  at any time after the presentation of a petition for winding up and before the making of a winding up order, shall, in the case of a company registered in pursuance of this Part, where the application to stay or restrain is by a creditor, extend to suits and other legal proceedings against any contributory of the company.

Amendments to Companies Act, 2013 vide Eleventh Schedule of the Insolvency and Bankruptcy Code, 2016


Enforcement Notification S.O. 3677(E) dated 07/12/2016


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