Section 37: Proceedings on annulment

The Provincial Insolvency Act, 1920Central Act · Act 5 of 1920

(1) Where an adjudication is annulled, all sales and dispositions of property and payments duly made, and all acts theretofore done, by the Court or receiver, shall be valid; but, subject as aforesaid, the property of the debtor who was adjudged insolvent shall vest in such person as the Court may appoint or, in default of any such appointment, shall revert to the debtor to the extent of his right or interest therein on such conditions (if any) as the Court may, by order in writing, declare.

(2) Notice of every order annulling an adjudication shall be published in the Official Gazette and in such other manner as may be prescribed.

Compositions and schemes of arrangement

Where this provision sits

Act	The Provincial Insolvency Act, 1920
Section	37
Marginal note	Proceedings on annulment
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	1

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