Section 376 — Power to apply to Court to have questions determined or powers exercised

(1) The liquidator or any contributory or creditor may apply to the
Court—

(a) to determine any question arising in the winding up of a company;
or

(b) to exercise as respects the enforcing of calls, the staying of
proceedings or any other matter, all or any of the powers which the
Court might exercise if the company were being wound up by the
Court.

(2) The liquidator or any contributory may apply to the Court specified
in sub-section (3) for an order setting aside any attachment, distress or execution
put into force against the estate or effects of the company after the commencement
of the winding up.
(3) An application under sub-section (2) shall be made−
(a) if the attachment, distress or execution is levied or put into force by
a Court, to such Court; and

(b) if the attachment, distress or execution is levied or put into force by
any other court, to the court having jurisdiction to wind up the
company.

(4) The Court, if it is satisfied that the determination of the question or
the required exercise of power or the order applied for will be just and beneficial,
may accede wholly or partially to the applic ation on such terms and conditions as
it thinks fit, or may make such other orders on the application as it thinks just.
(5) A copy of an order staying the proceedings in the winding up, made
by virtue of this section, shall forthwith be forwarded by the company, or otherwise
as may be prescribed, to the registrar, who shall make a minute of the order in his
books relating to the company.