Where, in the opinion of the Court, a debtor ought not to have been adjudged insolvent, or where it is proved to the satisfaction of the Court that the debts of the insolvent have been paid in full, the Court shall, on the application of the debtor, or of any other person interested, by order in writing, annul the 15 adjudication and the Court may, of its own motion or on application made by the receiver or any creditor, annul any adjudication made on the petition of a debtor who was, by reason of the provisions of sub-section (2) of Section 10, not entitled to present such petition.
Section 36: Power to annul adjudication of insolvency
The Insolvency Act, 1955State Act of Kerala · Act 2 of 1956
Where this provision sits
| Act | The Insolvency Act, 1955 |
|---|---|
| Section | 36 |
| Marginal note | Power to annul adjudication of insolvency |
| Jurisdiction | State of Kerala |
| Status | In force as published by the source |
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