000			00343nam a2200121Ia 4500
999			_c157904 _d157904
040			_cCUS
082			_a349.54 _bUNI/P
245		4	_aThe provincial insolvency act, 1920 (Bare Act)/ _cUniversal Law Publishing
260			_aNew Delhi: _bUniversal Law Publishing, _c2010.
300			_a65 p.
505			_aTHE PROVINCIAL INSOLVENCY ACT, 1887 Introduction . . . Sections 1. Short title and extent 2. Definitions PART I CONSTITUTION AND POWERS OF COURT 3. Insolvency jurisdiction 4. Power of Court to decide all questions arising in insolvency . 5. General powers of Courts PART II PROCEEDINGS FROM ACT OF INSOLVENCY TO DISCHARGE Acts of Insolvency 6^ Acjs of insolvency Petition 7. Petition and adjudication 8. Exemption of corporation, etc. from insolvency proceedings 9. Conditions on which creditor may petition 10. Conditions on which debtor may petition 11. Court to which petition shall be presented 12. Verification of petition Contents of petition Withdrawal of petitions Consolidation of petitions Power to change carriage of proceedings Continuance of proceedings on death of debtor Procedure for admission of petition Procedure on admission of petition Appointment of interim receiver Interim proceedings against debtor Duties of debtors Release of debtor Procedure at hearing Dismissal of petition Award of compensation Order of adjudication Order of adjudication Effect of an order of adjudication 28A. Insolvent's property to comprise certain capacity 29. Stay of pending proceedings 30. Publication of order of adjudication Proceedings consequent to an order of adjudication 31. Protection order 32. Power to arrest after adjudication 33. Schedule of creditors 34. Debts provable under the Act Annulment ofadjudication 35. Power to annul adjudication of insolvency 36. Power to cancel one of the concurrent orders of adjudication 37. Proceedings on annulment Compositions and schemes of arrangement 38. Compositions and schemes of arrangement 39. Order of approval 40. Power to re-adjudge debtor insolvent Discharge 41. Discharge 42. Cases in which Court must refuse an absolute discharge. 43. Adjudication to be annulled on failure to apply for discharge 44. Effect of order of discharge PART 111 ADMINISTRATION OF PROPERTY Method of proof of debts 45. Debt payable at a future time 46. Mutual dealing and set-off 47. Secured creditors 48. Interest 49. Mode of proof 50. Disallowance and reduction of entries in schedule Effect of insolvency on antecedent transactions 51. Restriction of rights of creditor under execution 52. Duties of Courts executing decree as to property taken in execution 53. Avoidance of voluntary transfer 54. Avoidance of preference in certain cases 54A. By whom petitions for annulment may be made 55. Protection of bone fide transactions Realisation of property 56. Appointment of receiver 57. Power to appoint Official Receivers 58. Powers of Court if no receiver appointed Duties and powers of receiver Power to require information regarding the insolvent's property Special provisions in regard to immovable property Distribution of properti/ Priority of debts Calculation of dividends Right of creditor who has not proved debt before declaration of a dividend Final dividend No suit for dividend Management by and allowance to insolvent Right of insolvent to surplus Committee of inspection Appeal to Court against Receiver Appeals to Court against Receiver PART IV PENALTIES Offence by debtors Procedure on charge under section 69 Criminal liability after discharge or composition Undischarged insolvent obtaining credit Disqualifications of insolvent PARTY SUMMARY ADMINISTRATION Summary administration PART VI APPEALS Appeals PART VII MISCELLANEOUS Costs Courts to be auxiliary to each other Limitation Power to make rules Delegation of powers to Official Receivers Power of State Government to bar application of certain provisions to certain Courts Savings Repeals SCHEDULE I SCHEDULE II SCHEDULE III 44 MODEL SPECIMENS Suit for recovery of a debt against an insolvent Debtor's petition Creditor's petition Application for withdrawal of petition by a debtor under section 14 Debtor's petition for release Debtor's application for protection order Application by an insolvent for protection order Application by a debtor for an order of discharge Application by a creditor for the arrest of an absconding insolvent. Creditor's petition for annulment
942			_cWB16