Section 444E — Corporations Act 2001: Protection of company’s property from persons bound by deed

(1) Until a deed of company arrangement terminates, this section applies to a person bound by the deed. (2) The person cannot: (a) make an application for an order to wind up the company; or (b) proceed with such an application made before the deed became binding on the person. (3) The person cannot: (a) begin or proceed with a proceeding against the company or in relation to any of its property; or (b) begin or proceed with enforcement process in relation to property of the company; except: (c) with the leave of the Court; and (d) in accordance with such terms (if any) as the Court imposes. (4) In subsection (3): property of a company includes: (a) any PPSA retention of title property of the company; and (b) any other property used or occupied by, or in the possession of, the company. Note: See sections 9 (definition of property) and 51F (PPSA retention of title property).