147 Power to stay or sist winding up

General powers of court

147  Power to stay or sist winding up

(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 the winding up ought to be stayed or sisted, make an order staying or sisting the proceedings, either altogether or for a limited time, on such terms and conditions as the court thinks fit.

(2)     The court may, before making an order, require the official receiver to

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