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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.4B - WINDING UP IN INSOLVENCY OR BY THE COURT  

Division 1A - Effect of winding up order    View history reference

SECTION 471B  

471B  STAY OF PROCEEDINGS AND SUSPENSION OF ENFORCEMENT PROCESS  

While a company is being wound up in insolvency or by the Court, or a provisional liquidator of a company is acting, a person cannot begin or proceed with:


(a) a proceeding in a court against the company or in relation to property of the company; or


(b) enforcement process in relation to such property;

except with the leave of the Court and in accordance with such terms (if any) as the Court imposes.

 



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