How can a liquidator set aside an attachment order during a liquidation? Please excuse the lack of specificity on this question; it's an issue I need to understand for a commercial transactions exam, but the lecturer is refusing to explain himself. I understand this site is not directed specifically at South African law, but I'm looking for someone who can shed a little light on this with respect to the Insolvency Act and the Companies Act.
So I think perhaps the lecturer is referring to section 359(1)(b) of the Companies Act of 1973. It states:
"359. Legal proceedings suspended and attachments void. (1) When the Court has made an order for the winding-up of a company or a special resolution for the voluntary winding-up of a company has been registered in terms of section 200- (a) all civil proceedings by or against the company concerned shall be suspended until the appointment of a liquidator; and (b) any attachment or execution put in force against the estate or assets of the company after the commencement of the winding-up shall be void. [Sub-s. (1) amended by s. 24 of Act 83 of 1981.] "