Chapter: 32 COMPANIES ORDINANCE
Section Num: 209 Version Date 30/06/1997
Power to stay winding up
General Power of Court in case of Winding Up by Court
(1) The court may at any time after an order for winding up, on the application either of the liquidator, or the Official Receiver, or any creditor or contributory, and on proof to the satisfaction of the court 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 court thinks fit.
(2) On any application under this section the court may, before making an order, require the Official Receiver to furnish to the court a report with respect to any facts or matters which are in his opinion relevant to the application.
(3) A copy of every order made under this section shall forthwith be delivered by the company, or otherwise as may be prescribed, to the Registrar. (Added 6 of 1984 s. 146)
[cf. 1929 c. 23 s. 202 U.K.]