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Power to stay or restrain proceedings against bankrupt.
(New: cf. 33/1963, s. 217)
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137.—(1) The Official Assignee may—
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(a) where any proceedings against the bankrupt are pending in the High Court or on appeal in the Supreme Court, apply to the court in which the proceedings are pending for a stay of proceedings therein, and
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(b) where any other proceedings are pending against the bankrupt, apply to the High Court to restrain further proceedings therein,
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and the court to which the application is made may grant the application on such terms and for such period as it thinks fit.
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(cf. 1857, s. 262 in pt.)
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(2) Where any proceedings against a bankrupt are stayed or restrained in pursuance of subsection (1), the following provisions shall have effect:
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(a) the creditor shall not be liable for any costs incurred by the bankrupt or the Official Assignee in such proceedings;
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(b) if the proceedings have been instituted against the bankrupt jointly with any other person, the proceedings against that other person shall not thereby be affected.
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