Section 310 — Suits stayed on winding up order

(1) When a winding up order
has been made or a provisional manager has been appointed, no suit or other legal
proceeding shall be proceeded with or commenced against the company except by
leave of the Court, and subject to such terms as the Court may impose.

(2) The Court which is winding up the company shall, notwithstanding
anything contained in any other law for the time being in force, have jurisdiction to
entertain, or dispose of, any suit or proceeding by or against the company.
(3) Any suit or proceeding by or against the company which is pending
in any court other than that in which the winding up of the company is proceeding
may, notwithstanding anything contained in any other law for the time being in
force, be transferred to and disposed of by the Court.