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Section 69: Management by and allowance to insolvent

The Insolvency Act, 1955State Act of Kerala · Act 2 of 1956

(1) The Court may appoint the insolvent himself to superintend the management of the property of the insolvent or of any part thereof, or to carry on the trade (if any) of the insolvent for the benefit of the creditors, and in any other respect to aid in administering the property in such manner and on such terms as the Court may direct.

(2) The Court may, from time to time, make such allowance as it may think just to the insolvent out of his property for the support of himself and his family, or in consideration of his services if he engaged in winding up his estate; but any such allowance may, at any time, be varied or determined by the Court.

Where this provision sits

ActThe Insolvency Act, 1955
Section69
Marginal noteManagement by and allowance to insolvent
JurisdictionState of Kerala
StatusIn force as published by the source

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