Power to stay or restrain proceedings against company

At any time after the presentation of a petition for winding-up, and before a winding-up order has been made, the company, or any creditor or contributory, may where any action or proceeding is pending against the company, apply to the court having jurisdiction to wind-up the company to restrain further proceedings in the action or proceeding, and the court to which application is so made may, as the case may be, stay or restrain the proceedings accordingly on such terms as it thinks fit.