The principal benefit of proceedings under the Companies Creditor's Arrangement Act is that
A) all actions against the debtor, including actions by secured creditors, are stayed.
B) all actions against the debtor may continue, but payment of any judgment is stayed unless a court orders otherwise.
C) all actions against the debtor, other than those by secured creditors, are stayed.
D) no actions against the debtor are stayed unless a court so orders.
E) no actions against the debtor are stayed, but the debtor enjoys government protection in several phases of the proceedings.
Correct Answer:
Verified
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