law: Companies Act, 2013 
  289.
  
    Power
  
  of Tribunal on application for stay of winding up.
  1.      The Tribunal may, at
  
  any time after making a winding up order, on an application of promoter,
  
  shareholders or creditors or any other interested person, if satisfied, make an
  
  order that it is just and fair that an opportunity to revive and rehabilitate
  
  the company be provided staying the proceedings for such time but not exceeding
  
  one hundred and eighty days and on such terms and conditions as it thinks fit:
  Provided
  
  that an order under this sub-section shall be made by the Tribunal only when
  
  the application is accompanied with a scheme for rehabilitation.
  1.     
  2.      The Tribunal may,
  
  while passing the order under sub-section (1 ), require the applicant to
  
  furnish such security as to costs as it considers fit.
  3.      Where an order under
  
  sub-section (1 ) is passed by the Tribunal, the provisions of Chapter XIX
  
  shall be followed in respect of the consideration and sanction of the scheme of
  
  revival of the company.
  4.      Without prejudice to
  
  the provisions of sub-section (1 ), the Tribunal may at any time after
  
  making a winding up order, on an application of the Company Liquidator, make an
  
  order staying the winding up proceedings or any part thereof, for such time and
  
  on such terms and conditions as it thinks fit.
  5.      The Tribunal may,
  
  before making an order, under this section, require the Company Liquidator to
  
  furnish to it a report with respect to any facts or matters which are in his
  
  opinion relevant to the application.
  6.      A copy of every order
  
  made under this section shall forthwith be forwarded by the Company Liquidator
  
  to the Registrar who shall make an endorsement of the order in his books and
  
  records relating to the company.