Chennai Court March 1913 Judgments

Ponnusami Chetti Vs. Narasimma Chetti and ors.

Court: Chennai

Reported in: (1913)25MLJ545

1. This is an appeal against an order of the District Court of Salem refusing to adjudge the petitioner an insolvent on a petition put in by himself. He stated in his petition presented under Section 11 of the Provincial Insolvency Act III of 1907 that he was unable to pay his debts. His debts, according to him amount to Rs, 5,948-4-0. According to his statement of assets, besides a trifling sum of money in hand he admitted that as an undivided member of a Hindu family consisting of himself and his brother he had considerable other property. He estimated his share in family lands at Rs. 4485, of jewels at Rs. 4516 and of monies at Rs. 20,000. He also stated that he had debts due to him to the extent of Rs. 1,475, of which Rs. 1,000 is alleged to be barred by limitation. On this statement the District Judge dismissed his petition, holding that he could not be called an insolvent The petitioner's reason for seeking to be adjudged an insolvent, notwithstanding the fact that his assets wer...