The INSOLVENCY ACT, 1955
kerala · 1956
- S. 1Short title, extent and commencement
- S. 2Definitions
- S. 3Insolvency jurisdiction
- S. 4Power of Court to decide all questions arising in insolvency
- S. 5General powers of Courts
- S. 6Acts of insolvency
- S. 7Petition and adjudication
- S. 8Exemption of corporation etc
- S. 9Conditions on which creditor may petition
- S. 10Conditions on which debtor may petition
- S. 11Court to which petition shall be presented
- S. 12Verification of petition
- S. 13Contents of petition
- S. 14Withdrawal of petitions
- S. 15Consolidation of petitions
- S. 16Power to charge carriage of proceedings
- S. 17Continuance of proceedings on death of debtor
- S. 18Procedure for admission of petition
- S. 19Procedure on admission of petition
- S. 20Appointment of interim receiver
- S. 21Interim proceedings against debtor
- S. 22Duties of debtors
- S. 23Release of debtors
- S. 24Procedure at hearing
- S. 25Dismissal of petitions
- S. 26Award of compensation
- S. 27Order of adjudication
- S. 28Effect of an order of adjudication
- S. 29Insolvent's property to comprise certain capacity
- S. 30Stay of pending proceedings
- S. 31Publication of order of adjudication
- S. 32Protection order
- S. 33Power to arrest after adjudication
- S. 34Schedule of creditors
- S. 35Debts provable under the Act
- S. 36Power to annul adjudication of insolvency
- S. 37Power to cancel one of concurrent orders of adjudication
- S. 38Proceedings on annulment
- S. 39Compositions and schemes of arrangement
- S. 40Order on approval
- S. 41Power to re-adjudge debtor insolvent
- S. 42Discharge
- S. 43Cases in which Court must refuse an absolute discharge
- S. 44Adjudication to be annulled on failure to apply for discharge
- S. 45Effect of order of discharge
- S. 46Debt payable at a future time
- S. 47Mutual dealings and set off
- S. 48Secured creditors
- S. 49lnterest
- S. 50Mode of proof
- S. 51Disallowance and reduction of entries in schedule
- S. 52Restriction of rights of creditor under execution
- S. 53Duties of Court executing decree as to property taken in execution
- S. 54Avoidance of voluntary transfer
- S. 55Avoidance of preference in certain cases
- S. 56By whom petitions for annulment may be made
- S. 57Protection of bonafide transactions
- S. 58Appointment of receiver
- S. 59Power to appoint Official Receivers
- S. 60Power of Court if no receiver appointed
- S. 61Duties and powers of receiver
- S. 62Power to require information regarding insolvent's property
- S. 63Special provisions in regard to immovable property
- S. 64Priority of debts
- S. 65Calculation of dividends
- S. 66Right of creditor who has not proved debt before declaration of a dividend
- S. 67Final dividend
- S. 68No suit for dividend
- S. 69Management by and allowance to insolvent
- S. 70Right of insolvent to surplus
- S. 71Committee of Inspection
- S. 72Appeal to Court against receiver
- S. 73Offences by debtors
- S. 74Procedure on charge under Section 73
- S. 75Criminal liability after discharge or composition
- S. 76Undischarged insolvent obtaining credit
- S. 77Disqualifications of insolvent
- S. 78Summary administration
- S. 79Appeals
- S. 80Costs
- S. 81Courts to be auxiliary to each other
- S. 82Limitation
- S. 83Power to make rules
- S. 84Delegation of powers to Official Receivers
- S. 85Power of Government to bar application of certain provisions to certain Courts
- S. 86Repeal