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[Cites 0, Cited by 457] [Section 446] [Entire Act]

Union of India - Subsection

Section 446(1) in The Companies Act, 1956

(1)When a winding up order has been made or the Official Liquidator has been appointed as provisional Liquidator, no suit or other legal proceeding shall be commenced, or if pending at the date of the winding up order, shall be proceeded with, against the company, except by leave of the [Tribunal] and subject to such terms as the [Tribunal] [ Substituted by Act 11 of 2003, Section 61, for " Court" .] may impose.