arrow_back gavel Provincial Insolvency Act, 1920

Section Index

search

Provincial Insolvency Act, 1920

Corporate · 1920 — Complete, searchable reference.

article Loading...
search
1

Section 1: Short title and extent

2

Section 2: Definitions

3

Section 3: Insolvency jurisdiction

4

Section 4: Power of Court to decide all questions arising in insolvency

5

Section 5: General powers of Courts

6

Section 6: Act of insolvency

7

Section 7: Petition and adjudication

8

Section 8: Exemption of corporation, etc., from insolvency proceedings

9

Section 9: Conditions on which creditor may petition

10

Section 10: Conditions on which debtor may petition

11

Section 11: Court to which petition shall be presented

12

Section 12: Verification of petition

13

Section 13: Contents of petition

14

Section 14: Withdrawal of petitions

15

Section 15: Consolidation of petitions

16

Section 16: Power to change carriage of proceedings

17

Section 17: Continuance of proceedings on death of debtor

18

Section 18: Procedure for administration of petition

19

Section 19: Procedure on admission of petition

20

Section 20: Appointment of interim receiver

21

Section 21: Interim proceedings against debtor

22

Section 22: Duties of debtors

23

Section 23: Release of debtor

24

Section 24: Procedure at hearing

25

Section 25: Dismissal of petition

26

Section 26: Award of compensation

27

Section 27: Order of adjudication

28

Section 28: Effect of an order of adjudication

28A

Section 28A: Insolvent's property to comprise certain capacity

29

Section 29: Stay of pending proceeding

30

Section 30: Publication of order of adjudication

31

Section 31: Protection of order

32

Section 32: Power to arrest after adjudication

33

Section 33: Schedule of creditors

34

Section 34: Debts provable under the Act

35

Section 35: Power to annul adjudication of insolvency

36

Section 36: Power to cancel one of concurrent orders of adjudication

37

Section 37: Proceedings on annulment

38

Section 38: Compositions and schemes of arrangement

39

Section 39: Order on approval

40

Section 40: Power to re-adjudge debtor insolvent

41

Section 41: Discharge

42

Section 42: Cases in which Court must refuse an absolute discharge

43

Section 43: Adjudication to be annulled on failure to apply for discharge

44

Section 44: Effect of order of discharge

45

Section 45: Debt payable at a future time

46

Section 46: Mutual dealings and setoff

47

Section 47: Secured creditors

48

Section 48: Interest

49

Section 49: Mode of proof

50

Section 50: Disallowance and reduction of entries in schedule

51

Section 51: Restriction of rights of creditor under execution

52

Section 52: Duties of Court executing decree as to property taken in execution

53

Section 53: Avoidance of voluntary transfer

54

Section 54: Avoidance of preference in certain cases

54A

Section 54A: By whom petitions for annulment may be made

55

Section 55: Protection of bona fide transactions

56

Section 56: Appointment of Receiver

57

Section 57: Power to appoint Official Receivers

58

Section 58: Powers of Court if no receiver appointed

59

Section 59: Duties and powers of receiver

59A

Section 59A: Power to require information regarding insolvent's property

60

Section 60: Special provisions in regard to immovable property

61

Section 61: Priority of debts

62

Section 62: Calculation of dividends

63

Section 63: Right of creditor who has not proved debt before declaration of a dividend

64

Section 64: Final dividend

65

Section 65: No suit for dividend

66

Section 66: Management by and allowance to insolvent

67

Section 67: Right of insolvent to surplus

67A

Section 67A: Committee of inspection

68

Section 68: Appeal to Court against receiver

69

Section 69: Offences by debtors

70

Section 70: Procedure on charge under section 69

71

Section 71: Criminal liability after discharge or composition

72

Section 72: Undischarged insolvent obtaining credit

73

Section 73: Disqualifications of insolvent

74

Section 74: Summary administration

75

Section 75: Appeals

76

Section 76: Costs

77

Section 77: Courts to be auxiliary to each other

78

Section 78: Limitation

79

Section 79: Power to make rules Power to make rules

80

Section 80: Delegation of powers to Official Receivers

81

Section 81: Power of State Government to bar application of certain provisions to certain Courts

82

Section 82: Savings

83

Section 83: Repeals