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Start Free TrialProvincial Insolvency Act, 1920 Part II
Title: Proceedings from Act of Insolvency to Discharge
State: Central
Year: 1920
.....under the provisions of any law referred to in clause (b) on the date of the application.] Explanation - For the purposes of this section the act of an agent may be the act of the principal.] ______________________ 1. Section 6 renumbered as subsection (1) by the Insolvency Laws (Amendment ) Act w.e.f 1-9-79. Prior to Amendment Section 6 Stood as follows "[Acts of insolvency.- A debtor commits an act of insolvency in each of the following cases, namely:- (a) if, in [Substituted by the A.O.1950 for "the Provinces"] [India] or elsewhere, he makes a transfer of all or substantially all his property to a third person for the benefit of his creditors generally; (b) if, in [Substituted by the A.O.1950 for "the Provinces"] [India] or elsewhere, he makes a transfer of his property or of any part thereof with intent to defeat or delay his creditors; (c) if, in [Substituted by the A.O.1950 for "the Provinces"] [India] or elsewhere, he makes any transfer of his property, or of any part thereof, which would, under this or any other enactment for the time being in force, be void as a fraudulent preference if he were adjudged an insolvent; (d) if, with intent to defeat or.....
View Complete Act List Judgments citing this sectionProvincial Insolvency Act, 1920 Section 28
Title: Effect of an Order of Adjudication
State: Central
Year: 1920
.....as the Court may impose. (3) For the purposes of sub-section (2), all goods being at the date of the presentation of the petition on which the order is made, in the possession, order or disposition of the insolvent in his trade or business, by the consent and permission of the true owner, under such circumstances that he is the reputed owner thereof, shall be deemed to be the property of the insolvent. (4) All property which is acquired by or devolves on the insolvent after the date of an order of adjudication and before his discharge shall forthwith vest in the Court or receiver, and the provisions of sub-section (2) shall apply in respect thereof. (5) The property of the insolvent for the purposes of this section shall not include any property (not being books of account) which is exempted by the Code of Civil Procedure, 1908 (5 of 1908), or by any other enactment for the time being in force from liability to attachment and sale in execution of a decree. (6) Nothing in this section shall affect the power of any secured creditor to realise or otherwise deal with his security, in the same manner as he would have been entitled to realise or deal with it if this section.....
View Complete Act List Judgments citing this sectionProvincial Insolvency Act, 1920 Schedule 2
Title: Schedule
State: Central
Year: 1920
SCHEDULE II (See section 81) PROVISIONS OF THE ACT APPLICATION OF WHICH MAY BE BARRED BY STATE GOVERNMENTS. Provisions of the Act Subject Section 26 Award of compensation. 28, sub-section (3). Reputed property of an insolvent. 34 Debts provable under the Act 38} 39} Compositions and schemes of arrangement. 40} 42, sub-sections (1) and (2). Obligation to refuse absolute discharge. 45} 46} 47} Method of proof of debts. 48} 51} 52} 53} Effect of insolvency on antecedent transaction 54} 55} 61 [except clause (a) of sub-section (1)and sub-section (4)]. Priority of debts. 62} 63} 64} Dividends. 65} 66 Management by an allowance to insolvent. 72 Penalty for obtaining of credit by undischarged insolvent.
View Complete Act List Judgments citing this sectionThe Tamil Nadu District Municipalities Act (Tamil Nadu Act V of 1920) Complete Act
State: Tamil Nadu
Year: 1920
.....with the District Municipalities Act " It can be referred to " 1935 M 657 Rules must be consistent with the Act " 19Cri. L.J. 392 2. Repeal of enactments - The enactments mentioned in Schedule I are repealed to the extent specified in the fourth column thereof. 3. Definitions - In this Act unless there is anything repugnant in the subject or context "(1) Original clause (1) was re-numbered as clause (1-B) and clause (1) and (1-A) were inserted by Tamil Nadu District Municipalities Act, 1930; clause (1) was omitted and clause (1-A) were re-numbered as clause (1) by Madras City Municipal District Municipalities and Local Boards (Amendment) Act, 1938 and for the clause as so re-numbered the present clause was substituted by the Adaptation (Amendment) Order of 1950. Omitted by Tamil Nadu Act XVII of 1973. Clause (1) of the original section was re-numbered as Clause (1-B) by Tamil Nadu Act X of 1930 [ (1-B) ˜Appoint' " ˜Appoint' includes to appoint temporarily or in an officiating capacity.] (2) ˜Appointment' - ˜Appointment' includes temporary and officiating appointments. Clause (2-a), Inserted by Tamil Nadu Municipal Laws (Amendment) Act 34 of.....
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