Section 27 of The Provincial Insolvency Act, 1920 — Order of adjudication
Bare section text
Official Legislative Text
(1) If the Court does not dismiss the petition, it shall make an order of adjudication, and shall specify in such order the period within which the debtor shall apply for his discharge. (2) The Court may, if sufficient cause is shown, extend the period within which the debtor shall apply for his discharge, and in that case shall publish notice of the order in such manner as it thinks fit.
Educational Study Layer
Summary
- (1) If the Court does not dismiss the petition, it shall make an order of adjudication, and shall specify in such order the period within which the debtor shall apply for his discharge.
- (2) The Court may, if sufficient cause is shown, extend the period within which the debtor shall apply for his.
Practical examples
FAQ
1. What happens if an insolvency petition is not dismissed under Section 27 of the Provincial Insolvency Act, 1920?
Under Section 27 of the Provincial Insolvency Act, 1920, if the court does not dismiss the petition, it must make an order of adjudication, which officially declares the debtor insolvent.
2. What must the court include in an order of adjudication under Section 27 of the Provincial Insolvency Act, 1920?
According to Section 27 of the Provincial Insolvency Act, 1920, the court must specify a period within which the debtor is required to apply for their discharge.
3. Can the time limit for applying for discharge be changed under Section 27 of the Provincial Insolvency Act, 1920?
Yes, Section 27 of the Provincial Insolvency Act, 1920, allows the court to extend the period if sufficient cause is shown.
4. Does the public get notified if a discharge period is extended under Section 27 of the Provincial Insolvency Act, 1920?
Yes, if the court extends the period for discharge, Section 27 of the Provincial Insolvency Act, 1920, requires the court to publish a notice of that order.
Practice Quiz
Q1.Under Section 27 of the Provincial Insolvency Act, 1920, what is the mandatory content of an order of adjudication?
Q2.Who has the power to extend the time for a discharge application under Section 27 of the Provincial Insolvency Act, 1920?
Q3.According to Section 27 of the Provincial Insolvency Act, 1920, when is an order of adjudication made?
Q4.What must be done if a court extends the discharge period under Section 27 of the Provincial Insolvency Act, 1920?