The Insolvency Act, 1955
State Act of Kerala ยท Act 2 of 195686 provisions
The enactment
| Type | Act |
|---|---|
| Citation | Act 2 of 1956 |
| Year | 1956 |
| Jurisdiction | State of Kerala |
| Status | In force as published by the source |
| Provisions published | 86 |
| Subjects | corporate |
Full text, provision by provision
Every provision below opens in full, free and without an account.
- Section 1 Short title, extent and commencement
- Section 2 Definitions
- Section 3 Insolvency jurisdiction
- Section 4 Power of Court to decide all questions arising in insolvency
- Section 5 General powers of Courts
- Section 6 Acts of insolvency
- Section 7 Petition and adjudication
- Section 8 Exemption of corporation etc., from insolvency proceedings
- Section 9 Conditions on which creditor may petition
- Section 10 Conditions on which debtor may petition
- Section 11 Court to which petition shall be presented
- Section 12 Verification of petition
- Section 13 Contents of petition
- Section 14 Withdrawal of petitions
- Section 15 Consolidation of petitions
- Section 16 Power to charge carriage of proceedings
- Section 17 Continuance of proceedings on death of debtor
- Section 18 Procedure for admission of petition
- Section 19 Procedure on admission of petition
- Section 20 Appointment of interim receiver
- Section 21 Interim proceedings against debtor
- Section 22 Duties of debtors
- Section 23 Release of debtors
- Section 24 Procedure at hearing
- Section 25 Dismissal of petitions
- Section 26 Award of compensation
- Section 27 Order of adjudication
- Section 28 Effect of an order of adjudication
- Section 29 Insolvent's property to comprise certain capacity
- Section 30 Stay of pending proceedings
- Section 31 Publication of order of adjudication
- Section 32 Protection order
- Section 33 Power to arrest after adjudication
- Section 34 Schedule of creditors
- Section 35 Debts provable under the Act
- Section 36 Power to annul adjudication of insolvency
- Section 37 Power to cancel one of concurrent orders of adjudication
- Section 38 Proceedings on annulment
- Section 39 Compositions and schemes of arrangement
- Section 40 Order on approval
- Section 41 Power to re-adjudge debtor insolvent
- Section 42 Discharge
- Section 43 Cases in which Court must refuse an absolute discharge
- Section 44 Adjudication to be annulled on failure to apply for discharge
- Section 45 Effect of order of discharge
- Section 46 Debt payable at a future time
- Section 47 Mutual dealings and set off
- Section 48 Secured creditors
- Section 49 lnterest
- Section 50 Mode of proof
- Section 51 Disallowance and reduction of entries in schedule
- Section 52 Restriction of rights of creditor under execution
- Section 53 Duties of Court executing decree as to property taken in execution
- Section 54 Avoidance of voluntary transfer
- Section 55 Avoidance of preference in certain cases
- Section 56 By whom petitions for annulment may be made
- Section 57 Protection of bonafide transactions
- Section 58 Appointment of receiver
- Section 59 Power to appoint Official Receivers
- Section 60 Power of Court if no receiver appointed
- Section 61 Duties and powers of receiver
- Section 62 Power to require information regarding insolvent's property
- Section 63 Special provisions in regard to immovable property
- Section 64 Priority of debts
- Section 65 Calculation of dividends
- Section 66 Right of creditor who has not proved debt before declaration of a dividend
- Section 67 Final dividend
- Section 68 No suit for dividend
- Section 69 Management by and allowance to insolvent
- Section 70 Right of insolvent to surplus
- Section 71 Committee of Inspection
- Section 72 Appeal to Court against receiver
- Section 73 Offences by debtors
- Section 74 Procedure on charge under Section 73
- Section 75 Criminal liability after discharge or composition
- Section 76 Undischarged insolvent obtaining credit
- Section 77 Disqualifications of insolvent
- Section 78 Summary administration
- Section 79 Appeals
- Section 80 Costs
- Section 81 Courts to be auxiliary to each other
- Section 82 Limitation
- Section 83 Power to make rules
- Section 84 Delegation of powers to Official Receivers
- Section 85 Power of Government to bar application of certain provisions to certain Courts
- Section 86 Repeal
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