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[Cites 0, Cited by 15] [Section 466] [Entire Act]

Union of India - Subsection

Section 466(1) in The Companies Act, 1956

(1)The Tribunal may at any time after making a winding up order, on the application either of the Official Liquidator or of any creditor or contributory, and on proof to the satisfaction of the Tribunal that all proceedings in relation to the winding up ought to be stayed, make an order staying the proceedings, either altogether or for a limited time, on such terms and conditions as the Tribunal thinks fit.