Section 701 CAMA 2020
Section 701 Companies and Allied Matters Act is about Power of Court to stay or restrain proceedings. It is under Chapter 25 (Winding-up of unregistered companies) of the Act.
The provisions of this Act with respect to staying and restraining actions and proceedings against a company at any time after the presentation of a petition for winding-up and before the making of a winding-up order shall, in the case of an unregistered company, where the application to stay or restrain is by a creditor, extend to actions and proceedings against any contributory of the company.
