INDER SEN ISRANI, J.—This is a Misc. Appeal under Section 72(2) of the Provincial Insolvency Act, 1920 (hereinafter referred to as the Act, against the order of adjudication passed by the learned Additional District Judge No. 1, Jaipur City, dated December 11, 1971, on an application filed under Section 7 of the Act, 1920 in Misc. Case No. 2/70.

2. An application was filed by respondent Chhagan Lal in the lower court on 21.1.1969 under sec. 7 of the Act, stating that he has debts worth Rs. 10,000/-to 11,000/- over him and he has no property to pay these debts. A list of the creditors along with their amount was also mentioned therein. It was prayed therein that he may be adjudged to be insolvent. Notices were issued to the creditors who also filed affidavits issues were framed in the matter and after hearing the parties, learned Additional District Judge came to the conclusion vide order under appeal that the applicant, prima-facie, is an insolvent and he had disclosed his assets in the application, which was maintainable and was entitled to be adjudged. The applicant was adjudged as an insolvent. It was further ordered that he will apply for discharge within a period of six months

Click Here to Read the rest of this document