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

Section 52

Restriction of rights of creditor under execution

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

Restriction of rights of creditor under execution. /(1) Where execution of a decree has issued against the ~ro R!rty of a debtor, no person shall be entitled to the benefit of he exe- cution against the receiver except in respect of ass s realised in the course of the execution by sale or otherwis~ before the date of the admission of the petition. I (2) Nothing in this section shall affect th~ right of a secured creditor in respect of the property agairy.st which the decree is executed. 1 (3) A person who in good faith purchases the property of a debtor under a sale in execution shall in all, fcases acquire a good title to it against the receiver.

Section 52 – The Travancore-Cochin Insolvency Act, 1956 (No.2 of 1956) | DailyLaw.ai