(1) The liquidator or any contributory or creditor may apply to the court to determine any question arising in the winding-up of a company, or to exercise as respects the enforcing of calls, or any other matter, all or any of the powers which the court might exercise if the company were being wound up by the court.
(2) The court, if satisfied that the determination of the question or the required exercise of the power will be just and beneficial, may accede wholly or partially to the application on such terms and conditions as it thinks fit, or may make such other order on the application as it thinks fit.
(3) A copy of an order made by virtue of this section staying the proceedings in the winding-up shall be lodged by the company, or otherwise as may be prescribed, with the Registrar, who shall enter a minute of the order in his or her records relating to the company.