AdvocateKhoj
Login : Advocate | Client
Home Post Your Case My Account Law College Law Library
    

Report No. 26

79. Management by and allowance to insolvent.-(1) The court may, on the application of the Official Assignee, appoint the insolvent himself to superintend the management of the property of the insolvent or of any part thereof, or to carry on the trade, if any, of the insolvent for the benefit of the creditors, and in any other respect to aid in administering the property in such manner and on such terms as the court may direct.

(2) The court may, from time to time, make such allowance as it may think just to the insolvent out of his property for the support of himself and his family, or in consideration of his services if he is engaged in winding up his estate; but any such allowance may, at any time, be varied or determined by the court.

[Section 66, P.A.] [Cf. section 75, P.T.A.]







Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
Powered by Neosys Inc
Information provided on advocatekhoj.com is solely available at your request for informational purposes only and should not be interpreted as soliciting or advertisement