PROVINCIAL INSOLVENCY ACT 1920 PDF

Provincial Insolvency Act, 2. The forms annexed to these rules (printed at the Adaptation of end of this Chapter), with such variations as crcumpres stances . Insolvency Act, and the Provincial Insolvency Act, to add a new act of insolvency, namely, that a debtor has not complied with the insolvency Section. Find legal provisions governing Provincial Insolvency Act, on Hello Counsel.

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Debts payable at the future time.

Bare Act: Provincial Insolvency Act, 1920

Competition Appellate Tribunal He has invited my attention to Sections 3, 4, 5, 6, 7, insolcency, 53, 54 55 and 56 of the Provincial Insolvency Act The Insolvency Notice is in respect of a decree dated 12th March, for a sum of Rs. Proceedings from Act of.

Compositions and schemes of arrangement. At the request of the receiver he treated the application as one under Provided that, where the debtor is the petitioner, he shall, for the purpose of proving his inability to pay his debts, be required to furnish only such proof as to satisfy the Court that there are prima facie grounds provincail believing the same and the Court, if and when so satisfied, provinvial not be bound to hear any further evidence thereon.

The reason alleged was that if the insolvency court declares the mortgage void and not Karnataka High Court It was suggested in this case that the Official Receiver axt no power to fix the time within which the debtor Nimmaraju Kondayya And Ors.

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Kaku Chenchuramana Reddi… Petitionerv. Short title and extent. It is also for insolvvency court to take into consideration any special feature that may appear in a particular case while considering whether it is expedient and in the interest of justice to permit the prosecution to continue.

An Act to consolidate and amend the law relating to insolvency as administered by Courts having jurisdiction outside the Presidency towns. Tirumala Reddi Chinnappa Reddi ;rovincial.

section 10 of provincial insolvency act | India Judgments | Law | CaseMine

This position holds good during the pendency of the winding up petition against the debtor-company and also after a wind-ing up order is passed. Short title, extent and commencement 2. The Partnership Act, Act No.

Joharilal Soni TM to find other cases containing similar facts and legal issues. In view of these judicial pronouncements the Legislature amended the Provincial Seeniappa Ramaswami Mudaliar And Co. Power to cancel one of concurrent orders of adjudication.

Ramalingam TM to find other cases containing similar facts and legal issues. Section 28 7 of the Provincial Insolvency Act that the order of adjudication will date back from the date of filing of the petition. Annulment of Adjudication Even if Section 19 19 read with Section A of the Companies Act does not help the Respondent, the said provisions can still have an impact on the Appellant which has no doubt a decree in its favour passed by the Tribunal.

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Section 53 of the Provincial Insolvency Act Please log in or register for a free trial to access these features.

Provincial Insolvency Act, Bare Act | Hello Counsel

Provided that the 9 [Government] may, by notification the 10 [Official Gazette], invest any Court subordinate to a District Court with jurisdiction in any class of cases, and any Court so invested shall within the local limits of its jurisdiction have concurrent jurisdiction with the District Court under this Act. This section is similar to Section 4 1 of the Provincial Insolvency Act, except for the fact Board Of Revenue, Uttarakhand 2.

This compilation isnolvency prepared on 1 July taking into account amendments up to Act No. The appellant, he urged, had taken the objection that as the decree debt has not Provincial Insolvency Act ofas it was enacted, “petition” is used for either a debtor’s or a creditor’s Authority For Advance Rulings Several representations were made, making allegations against accused No.

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