Showing posts with label Provincial Insolvency Act. Show all posts
Showing posts with label Provincial Insolvency Act. Show all posts

Thursday, 19 November 2020

Whether the court can restore insolvency petition dismissed in default on the application of one of the creditors?

 The learned Assistant Judge considered that the petitioning creditor sues on behalf of the general body of creditors and, therefore, in a sense every creditor is a party to the proceedings and that under Order IX, Rule 9, any party to the proceeding can ask for a petition dismissed for default being restored to file. But Order IX, Rule 9, refers specifically to the plaintiff who has to satisfy the Court that he has sufficient cause for non-appearance, and it is doubtful whether it was competent to the shop of Laxminarayan Sitaram to apply under Order IX, Rule 9, for a revival of the petition.


7. But the question still remains whether the Court did not have inherent jurisdiction to restore the application to file at the instance of one of the creditors. Under Section 151 of the Civil Procedure Code the Court has inherent powers to make such orders as may be necessary for the ends of justice and to prevent abuse of the process of the Court. In my opinion the ends of justice do require in the peculiar circumstances of this case that the application should be restored to file, and that, therefore, the two lower Courts were right in passing the order that they did.

IN THE HIGH COURT OF BOMBAY

Civil Revision Application No. 87 of 1944

Decided On: 17.11.1944


 Keshav Appa Bhagat  Vs.  Sitaram Hanumandas


Hon'ble Judges/Coram:

G.S. Rajadhyaksha, J.

Citation:1944 SCCONLINE 79: AIR 1946 Bom 20:MANU/MH/0133/1944


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Sunday, 19 March 2017

Whether insolvency petition can be filed if decree is not for payment of money?

 Civil - Validity of sale - Whether sale of property in execution of decree would fall within meaning of Section 6(e) of Provincial Insolvency Act (the Act) - Held, in present case, decree for sale was not decree for payment of money within meaning of Section 6(e) of the Act and that sale in execution would not be an act of insolvency on which an application for adjudication could be founded - Civil Revision Petition allowed.
Citation : AIR 1937 Mad 433
IN THE HIGH COURT OF MADRAS
Decided On: 14.12.1936
 Vakkalagadda Venkata Rama Lakshmayya
Vs.
 Parepalli Subba Rao and Ors.
Hon'ble Judges/Coram:
Venkataramana Rao, J.

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