s 248 Power of Court to stay or restrain proceedings
248.—(1) The provisions of this Act with respect to staying and restraining actions and proceedings against a company at any time after the making of an application for winding up and before the making of a winding up order extend, in the case of an unregistered company where the application to stay or restrain is by a creditor, to actions and proceedings against any contributory of the company. (2) Where an order has been made for winding up an unregistered company, no action or proceeding may be proceeded with or commenced against any contributory of the company in respect of any debt of the company, except by the permission of the Court and subject to such terms as the Court imposes.[Act 25 of 2021 wef 01/04/2022]