Laws and Bare Acts of India at

MyNation Foundation Online Law Library

Section 45 – The Provincial Insolvency Act,1920

The Provincial Insolvency Act,1920

Section 45. Debt payable at a future time

A creditor may prove for a debt not payable when the debtor is adjudged an insolvent as if it were payable presently, and may receive dividends equally with the other creditors, deducting there form only a rebate of interest at the rate of six per centum per annum computed from the application of a dividend to the time when the debt would have become payable, according to the terms on which it was contracted.

Previous | Next

The Provincial Insolvency Act,1920

Indian Laws – Bare Acts


Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2021 Laws and Bare Acts of India at

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation