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1959 Supreme(SC) 146

S.K.DAS, A.K.SARKAR, K.SUBBA RAO
Rm. Nl. Ramaswami Chettiar – Appellant
Versus
Official Receiver, Ramanathapuram, At Madurai – Respondent


Advocates:
A.V.VISHWANATHA SASTRI, M.S.K.AIYANGAR, T.R.V.SASTRI

Judgment

SARKAR, J. : This appeal arises out of an application for execution of a decree for money and the only question is whether the application was made within the time prescribed by the Limitation Act.

2. The decree was passed in favour of one Venkatachalam Chettiar on May 9, 1935, against the appellants and certain other persons. On February 3, 1936, Venkatachalam Chettiar transferred the decree to his mother, Meenakshi Achi, by an assignment in writing never having tried to execute it himself. Soon thereafter, namely, on March 26, 1936, a creditor of Venkatachalam Chettiar presented a petition under the Provincial Insolvency Act (hereinafter referred to as the Act ) for adjudicating him an insolvent on the ground that the transfer of the decree to Meenakshi Achi was a fraudulent preference and as such an act of insolvency. This petition remained pending for a considerable time and ultimately on January 7, 1939, an order was made on its adjudicating Venkatachalam Chettiar an insolvent. By that order respondent No. 1, the Official Receiver of Ramanathapuram, was appointed the receiver in insolvency and the insolvent s estate vested in him. This order was based on the finding tha






































































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