262. Copy of order to be lodged, etc.

Question 1

262. Copy of order to be lodged, etc.

Actions stayed on winding up order

Effect of order

Answer 1

General overview
[262.01] Section 262(3) was intended to protect the company and its creditors. As such, actions already commenced could not be continued, and no fresh actions could be commenced against the company, without leave of court. Subsections (1) and (2) provide for the filing and procedural requirements in respect of the winding up order.