Companies Act 2014 section 1347

Actions stayed on winding-up order

Section 1347 deals with the automatic stay on legal actions against a company registered under this Chapter once a court order for winding up has been made.

• Once a winding-up order is made, all legal actions against the company are automatically stayed.
• No new proceedings may be commenced against the company or any contributory without court permission.
• Existing proceedings relating to the company's debts cannot continue without leave of the court.
• Any permission granted by the court may be subject to whatever terms or conditions the court considers appropriate.