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211. Power to stay winding-up

(1) The Court may at any time after an order for winding-up is made, on the application of the liquidator or any creditor or contributory, make an order staying the proceedings on such terms and conditions as the Court thinks fit.
(2) The Company must, as soon as reasonably practicable, forward a copy of any order made under subsection (1) to the Registrar.
(3) If the Company fails to comply with subsection (2), it commits a contravention and is liable to a fine at the relevant level set out in the Fines Schedule.