The Court when making an order admitting the petition may, and where the debtor is the petitioner ordinarily shall, appoint an interim 10 receiver of the property of the debtor or of any part thereof, and may direct him to take immediate possession thereof or of any part thereof, and the interim receiver shall thereupon have such of the powers conferable on a receiver appointed under the Code of Civil Procedure, 1908, as the Court may direct. If an interim receiver is not so appointed, the Court may make such appointment at any subsequent time before adjudication and the provisions of this section shall apply accordingly.
Section 20: Appointment of interim receiver
The Insolvency Act, 1955State Act of Kerala · Act 2 of 1956
Where this provision sits
| Act | The Insolvency Act, 1955 |
|---|---|
| Section | 20 |
| Marginal note | Appointment of interim receiver |
| Jurisdiction | State of Kerala |
| Status | In force as published by the source |
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