Bare ActsThe INSOLVENCY ACT, 1955

Section 16

Power to charge carriage of proceedings

Amendment status not verified — confirm the current text below against the official source.

Power to charge carriage of proceedings.—Where the petitioner does not proceed with due diligence on his petition, the Court may substitute as petitioner any other creditor to whom the debtor may be indebted in the amount required by this Act in the case of a petitioning creditor.

Section 16 – The INSOLVENCY ACT, 1955 | DailyLaw.ai