Showing posts with label legal bar. Show all posts
Showing posts with label legal bar. Show all posts

Sunday, 19 March 2017

Whether creditor can make single insolvency petition for adjudicating two or more person as insolvents?

After giving the matter my careful consideration I am of opinion that there is no legal bar to a single application being made by a creditor for adjudicating two or more persons as insolvents if they are jointly liable on a debt or have committed a joint act of insolvency.
 Citation : AIR 1930 Lah 592
IN THE HIGH COURT OF LAHORE
Decided On: 07.03.1930
 Kalu Ram
Vs.
Gitwar Singh and Ors.
Coram:
Tek Chand, J.
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