Section 395: Avoidance of certain attachments, executions
The Companies Act, 2017 · Federal Acts · in_force
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395. Avoidance of certain attachments, executions.—(1) Where any company is being wound up by or subject to the supervision of the Court, any attachment, distress or execution put in force without leave of the Court against the estate or effects or any sale held without leave of the Court of any of the properties of the company after the commencement of the winding up shall be void. (2) Nothing in this section applies to proceedings by the Government.
Effective date: 2017-05-30
Related sections
Section 394: Liabilities and rights of certain fraudulently preferred personsSection 396: Effect of floating chargeSection 393: Fraudulent preferenceSection 397: Power of Court to assess damages against delinquent directorsSection 392: Disclaimer of onerous propertySection 398: Liability for fraudulent conduct of business
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