Document ID: chunk:federal_register_of_legislation:C2025C00185:section:467:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 467 (pt 2/2)
Character Range: 1735629–1736355

of pursuing that other remedy.
 (5) Notwithstanding any rule of law to the contrary, the Court must not refuse to make an order for winding up on the application of a contributory on the ground that, if the order were made, no property of the company would be available for distribution among the contributories.
 (7) At any time after the filing of a winding up application and before a winding up order has been made, the company or any creditor or contributory may, where any action or other civil proceeding against the company is pending, apply to the Court to stay or restrain further proceedings in the action or proceeding, and the Court may stay or restrain the proceedings accordingly on such terms as it thinks fit.