PROCEEDINGS FROM ACT OF INSOLVENCY TO DISCHARGECentral

Section 19 of THE PROVINCIAL INSOLVENCY ACT, 1920 in hindi

(1)Where an insolvency petition is admitted, the Court shall make an order fixing a date for hearing the petition.
(2)Notice of the order under sub-section (1) shall be given to creditors in such manner as may be prescribed.
(3)Where the debtor is not the petitioner, notice of the order under sub-section (1) shall be served on him in the manner provided for the service of summons.

Summary

(1) Where an insolvency petition is admitted, the Court shall make an order fixing a date for hearing the petition.
(2) Notice of the order under sub-section (1) shall be given to creditors in such manner as may be prescribed.
(3) Where the debtor is not the petitioner, notice of the order under.

Practical examples

1The court admitted Ravi's insolvency petition on Monday. Immediately, the judge set a date for a hearing in three weeks so everyone could discuss the case.

2After admitting an insolvency case against Sunita, the court sent out notices to all the people she owed money to. This let the creditors know when and where the hearing would happen.

FAQ

1. What is the first step a court takes after admitting an insolvency petition under Section 19 of the Provincial Insolvency Act 1920?

Under Section 19 of the Provincial Insolvency Act 1920, the court must make an order fixing a date for hearing the petition.

2. Who must be notified of an insolvency hearing according to Section 19 of the Provincial Insolvency Act 1920?

Section 19 of the Provincial Insolvency Act 1920 requires that notice of the hearing date be given to the creditors.

3. How is the debtor notified of a hearing if they did not file the petition under Section 19 of the Provincial Insolvency Act 1920?

Section 19 of the Provincial Insolvency Act 1920 states that the notice must be served on the debtor in the same way a summons is served.

Test yourself

Q1.Under Section 19 of THE PROVINCIAL INSOLVENCY ACT, 1920, what must the court fix once a petition is admitted?

Q2.Who is responsible for deciding how notice is given to creditors under Section 19 of THE PROVINCIAL INSOLVENCY ACT, 1920?

Q3.If a creditor files the petition, how is the debtor served under Section 19 of THE PROVINCIAL INSOLVENCY ACT, 1920?

Q4.Can a hearing date be set before the petition is admitted under Section 19 of THE PROVINCIAL INSOLVENCY ACT, 1920?

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