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Bare acts > Companies Act, 1956 > Section 587
 
  


 

587. Suits, etc., stayed or winding up order.—Where an order has been made for winding up an unregistered company, no suit or other legal proceeding shall be proceeded with or commenced against any contributory of the company in respect of any debt of the company, except by leave of the Tribunal and except on such terms as the Tribunal may impose.

 

 

 

 

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