Document ID: chunk:federal_register_of_legislation:C2025C00185:section:587
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 587
Character Range: 1967281–1968051

587  Power of Court to stay or restrain proceedings
 (1) The provisions of this Act with respect to staying and restraining actions and other civil proceedings against a company at any time after the filing of an application for winding up and before the making of a winding up order extend, in the case of a Part 5.7 body where the application to stay or restrain is by a creditor, to actions and other civil proceedings against a contributory of the Part 5.7 body.
 (2) Where an order has been made for winding up a Part 5.7 body, no action or other civil proceeding is to be proceeded with or commenced against a contributory of the Part 5.7 body in respect of a debt of the Part 5.7 body except by leave of the Court and subject to such terms as the Court imposes.