If a winding-up order is made or a provisional liquidator is appointed, no action or proceeding shall proceed with or commence against the company except by leave of the Court given on such terms as the Court may impose.
Companies and Allied Matters Act 2020 · Part B · Chapter 21
Section 580Actions stayed on winding-up order
Cite as: Companies and Allied Matters Act 2020, section 580
What this section means
From the guide: Winding up by the court under CAMA 2020: process, effects and court powers
- From then, dispositions of the company’s property are void unless the court orders otherwise (section 576), and once the order is made no action can proceed against the company without the court’s leave (section 580).
- After a winding-up order, or on appointment of a provisional liquidator, no action or proceeding can start or continue against the company except with the court’s leave (section 580).
Read the whole subject
Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.