Stay of proceedings.Stay of proceedings.

### Stay of proceedings. S.A., s. 263. W.A., 1898, s. 5. 159.—(1.) The Court may, after the delivery or posting of the circulars or any of them, and either before or after the meeting, on the application of the debtor or any creditor, subject to such conditions (if any) as the Court thinks fit to impose, order a stay of proceedings in any action, execution, writ of fieri facias affecting land, distress for rent, or other legal process in respect of any debt or liability which would be provable in the bankruptcy if a sequestration order were made against the debtor, and may, at any time in its discretion, set aside the order. (2.) The order, while in force, shall have the effect— (a) of staying the proceedings until after the meeting, and any adjournment thereof; (b) in the event of a resolution for a composition or scheme of arrangement being duly passed at the meeting or adjournment, in pursuance of the provisions of this Part—of further staying the proceedings until the composition or scheme becomes binding on the creditors, or fails to be confirmed, or is rejected by the Court; (c) in the event of a resolution for a deed of assignment being duly passed at the meeting or adjournment—of further staying the proceedings until the expiration of fourteen days after the passing of the resolution. (3.) Any meeting may be adjourned from time to time by resolution for any period not exceeding three months.