Cannot be adjudged insolvent
WebWhen insolvency happens to a company, it's a serious problem, and you, as director, can be liable for causing possible misdemeanors or be negligent for circumstances that happened in the past that lead to the present situation. You're expected to have knowledge of your company's financial status, so you can safeguard the creditors' interests. WebIf Contractor is adjudged bankrupt, or if it makes a general assignment for the benefit of its creditors, or if a receiver is appointed on account of its insolvency, or if it persistently or …
Cannot be adjudged insolvent
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Webmissed. The court held that a firm could not be insolvent unless all of its members were also insolvent, on the ground that each part-ner is liable in solido for firm debts, and … Webhe were adjudged an insolvent; (d) if, with intent to defeat or delay his creditors ... tor shall not be entitled to present an insolvency petition agamst a debtor unless-(a) the debt owmg by the debtor to the creditor, or if two or more creditors join in …
WebA partnership may be adjudged insolvent during the continuation of the partnership business or after its dissolution but before the final settlement thereof WHO MAY … WebBishambar Dayal, AIR 1929 Lah 72. When person adjudged insolvent A person can be adjudged as an insolvent only if he commits one of the acts mentioned in section 6. …
WebMany translated example sentences containing "adjudged insolvent" – Spanish-English dictionary and search engine for Spanish translations. WebThe law does not contemplate that an infant should be adjudged an insolvent, under any circumstances even in respect of judgment-debts, or necessities. AIR 1917 CALCUTTA …
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WebAug 7, 2024 · undischarged insolvent; or; applied to be adjudicated as an insolvent and his application is pending. Body Corporate shall exclude: – a corporation sole, means a public office established by act of parliament, a sole officeholder; a co-operative society; and; any other body corporate not being a company as defined under Companies Act, 2013. five forces model illustrationWebAn effective insolvency system must also provide for procedures that ensure the assets of the estate are sold and distributed in a timely, predictable, and equitable manner. … five forces model examplesWebFeb 10, 2014 · Mansi Finance Ltd, the court opined that the criminal proceedings inititated against the insolvent under certain provision of the Negotiable Instruments Act cannot be stayed even if the same debt formed the basis of a civil proceeding initiated under any of the aforementioned Acts. can i pay car registration without smogWebA minor who cannot be adjudged insolvent, can be deemed to be insolvent, when he is a member of a co-parcenary firm which is adjudged insolvent. The property of the firm, i. e. of its partners vests in the receiver, excepting in the case of a minor member, such property as has been acquired by him otherwise than as a member of the firm. can i pay by card on arriva busWebOn my understanding of that ground of the judgment, it is not sufficient, in order for the transfer of an undertaking to be excluded from the scope of the directive, for the conditions under which the transferring undertaking would be adjudgedinsolvent to be fulfilled; the transferring undertaking must actually be adjudgedinsolvent. EurLex-2 can i pay carmax with credit cardWebThe following cannot be appointed managing or whole-time directors: (1) A person who is an undischarged insolvent or has at any time been adjudged insolvent. (2) A person who suspends or has at any time suspended, payment to his creditors or makes or has made a composition with them. can i pay by checkWebA minor cannot be adjudged insolvent as he is incapable of entering into a contract. 9. Where a minor and an adult jointly enter into an agreement with another person the … five forces model strategy