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Section 28 A – The Provincial Insolvency Act,1920

The Provincial Insolvency Act,1920

Section 28 A. Insolvent’s property to comprise certain capacity

The property of the insolvent shall comprise and shall always be deemed to have comprised also the capacity to exercise and to take proceedings for exercising all such powers in or over or in respect

Of property as might have been exercised by the insolvent for his own benefit at the commencement of his insolvency or before his discharge:

Provided that nothing in this section shall affect any sale, mortgage or other transfer of the property of the insolvency by a Court or receiver or the Collector acting under section 60 made before the commencement of the Provincial Insolvency (Amendment) Act,1948 (25 of 1948), which has been the subject of a final decision by a competent Court:

Provided further that the property of the insolvent shall not be deemed by reason of anything contained in this section to comprise his capacity referred to in this section in respect of any such sale, mortgage or other transfer of property made in the State of Madras after the 28th day of July,1942, and before the commencement of the Provincial Insolvency (Amendment) Act,1948 (25 of 1948).

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The Provincial Insolvency Act,1920

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