Bare ActsThe Travancore-Cochin Insolvency Act, 1956 (No.2 of 1956)

Section 45

Effect of order of discharge

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

Effect of order of discharge. (1) An order of discharge shall not release the insolvent from- (a) any debt due to the Government; (b) any debt or liability incurred by means of any fraud or fraudulent breach of trust to which he was a party; (c) any debt or liability in respect of which he has obtained forbearance by any fraud to which he was a party; or (d) any liability under an order for maintenance made under Section 488 of the Code of Criminal Procedure, 1898. (2) Save as otherwise provided by sub-section (l), an order of discharge shall release the insolvent from all debts provable under this Act. (3) An order of discharge shall not release any person who, at the date of the presentation of the petition, was a partner or co-trustee with the insolvent, or was jointly bound or had made any joint contract with him or any person who was surety for him. PARTID. ADMINISTRATION OF PROPERTY. Method of proof of debt~.

Section 45 – The Travancore-Cochin Insolvency Act, 1956 (No.2 of 1956) | DailyLaw.ai