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The Companies Act, 1956

Part IX (Section 565 to 581)

Section 581 Suits stayed on winding up order.

Section 581 Suits stayed on winding up order.

Where an order has been made for winding up or a provision liquidator has been other legal proceedings shall be provided with or commenced against the company or any contribution of any debt of the company, except by leave of the Tribunal and except on such terms as the Tribunal may impose.