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Section 41 – The Provincial Insolvency Act,1920

The Provincial Insolvency Act,1920

Section 41. Discharge

(1) A debtor may, at any time after the order of adjudication and shall, within the period specified by the Court, apply to the Court for an order of discharge, and the Court shall fix a day, notice whereof shall be given in such manner as may be prescribed, for hearing such application, and any objections which may be made thereto.

(2) Subject to the provisions of this section the Court may, after considering the objections of any creditor and, where a receiver has been appointed, the report of the receiver-

(a) Grant or refuse all absolute order of discharge; or

(b) Suspend the operation of the order for a specified time; or

(c) Grant and order of discharge subject to any conditions with respect to any earnings or income which may afterwards become due to the insolvent, or with respect to his after-acquired property.

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The Provincial Insolvency Act,1920

Indian Laws – Bare Acts


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