Where a company is being wound up subject to the supervision of the Court, any attachment, sequestration or execution put in force against the estate or effects of the company after the commencement of the winding-up, is void.
Companies and Allied Matters Act 2020 · Part B · Chapter 24
Section 661Avoidance of attachments on winding-up subject to supervision of the Court
Cite as: Companies and Allied Matters Act 2020, section 661
What this section means
From the guide: Who gets paid first in a winding up under CAMA 2020
Sections 654 to 685 set the ranking of claims, the preferential debts and what happens to creditors already enforcing against the company.
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.