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Power to annul order for winding up or to stay winding up.
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234.—(1) The court may at any time after an order for winding up, on the application of the liquidator or any creditor or contributory and on proof to the satisfaction of the court that the order for winding up ought to be annulled, make an order annulling the order for winding up on such terms and conditions as the court thinks fit.
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(2) The court may at any time after an order for winding up, on the application of the liquidator or any creditor or contributory, and on proof to the satisfaction of the court that all proceedings in relation to the winding up ought to be stayed, make an order staying the proceedings, either altogether or for a limited time, on such terms and conditions as the court thinks fit.
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(3) On any application under this section the court may, before making an order, require the liquidator to furnish to the court a report relating to any facts or matters which are in his opinion relevant to the application.
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(4) An office copy of every order made under this section shall forthwith be forwarded by the company, or by such person as the court may direct, to the registrar of companies for registration.
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(5) If a company makes default in complying with subsection (4), the company and every officer of the company who is in default shall be liable to a fine not exceeding £25 and if any other person makes default in complying with subsection (4) such person shall be liable to a fine not exceeding £25.
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