Section 381, The Companies Act, 2009

(1) The court may at any time after an order for windingup, on the application either of the liquidator, or the official receiver or any creditor or contributory, and on proof to the satisfaction of the court that all proceedings in 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. 280 281 Meetings to consider of committee of inspection. Constitution and proceedings of committee of inspection. Power to stay (2) On any application under this section the court may, before making an order, require the official receiver to furnish to the court a report with respect to any facts or matters which are in his opinion relevant to the application. (3) A copy of every order under this section shall be forwarded by the company or otherwise as may be prescribed, to the Commission, which shall enter it in its records relating to the company.