Section 7: Petition and adjudication

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

Subject to the conditions specified in this Act, if a debtor commits an act of insolvency, an insolvency petition may be presented either by a creditor or by the debtor, and the Court may on such petition make an order (hereinafter called an order of adjudication) adjudging him an insolvent.

Explanation.—The presentation of a petition by the debtor shall be deemed an act of insolvency within the meaning of this section, and on such petition the Court may make an order of adjudication.

Where this provision sits

Act	The Insolvency Act, 1955
Section	7
Marginal note	Petition and adjudication
Jurisdiction	State of Kerala
Status	In force as published by the source

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