CORPORATIONS ACT 2001
Until a deed of company arrangement terminates, this section applies to a person bound by the deed. 444E(2)
The person cannot:
(a) make an application for an order to wind up the company; or
(b) proceed with such an application made before the deed became binding on the person. 444E(3)
The person cannot:
(a) begin or proceed with a proceeding against the company or in relation to any of its property; or
(b) begin or proceed with enforcement process in relation to property of the company;
(c) with the leave of the Court; and
(d) in accordance with such terms (if any) as the Court imposes. 444E(4)
In subsection (3):
(a) any PPSA retention of title property of the company; and
(b) any other property used or occupied by, or in the possession of, the company.
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