Court proceedings are halted

76 Effect of adjudication on court proceedings

(1)

On adjudication, all proceedings to recover any debt provable in the bankruptcy are halted.

(2)

However, on the application by any creditor or other person interested in the bankruptcy, the court may allow proceedings that had already begun before the date of adjudication to continue on the terms and conditions that the court thinks appropriate.

Compare: 1967 No 54 s 32