SupremeToday Landscape Ad
Gazette Copy
AI highlight Precision Paragraph Copy AI Assistant AI Assistant Add to Editor Bookmak Share Document Go to Top Go to Bottom Zoom In Zoom Out Print Download PDF Court Copy Open In App

INSOLVENCY ACT 1967

Read full Act
1 PART I PROCEEDINGS FROM ACT OF BANKRUPTCY TO DISCHARGE-1. Short title and application.
2 PART I PROCEEDINGS FROM ACT OF BANKRUPTCY TO DISCHARGE-2. Interpretation.
2A Voluntary Arrangement-2A. Voluntary arrangement.
2B Voluntary Arrangement-2B. Non-application.
2C Voluntary Arrangement-2C. Intention to propose voluntary arrangement.
2D Voluntary Arrangement-2D. Interim order.
2E Voluntary Arrangement-2E. Effect of interim order.
2F Voluntary Arrangement-2F. Nominee.
2G Voluntary Arrangement-2G. Registration of nominee.
2H Voluntary Arrangement-2H. Register of nominees.
2I Voluntary Arrangement-2I. Meeting of creditors to approve debtor's proposal.
2J Voluntary Arrangement-2J. Report of decisions to court.
2K Voluntary Arrangement-2K. Effect of approval.
2L Voluntary Arrangement-2L. Review of meeting's decision.
2M Voluntary Arrangement-2M. Replacement of nominee before voluntary arrangement concludes.
2N Voluntary Arrangement-2N. Implementation and supervision of approved voluntary arrangement.
2O Voluntary Arrangement-2O. Consequence of failure by debtor to comply with voluntary arrangement.
2P Voluntary Arrangement-2P. Cessation of voluntary arrangement.
2Q Voluntary Arrangement-2Q. Fees of nominee.
3 Acts of Bankruptcy-3. Acts of bankruptcy.
4 Bankruptcy Order-4. Bankruptcy order.
5 Bankruptcy Order-5. Conditions on which creditor may petition.
6 Bankruptcy Order-6. Proceedings and order on creditor's petition.
7 Bankruptcy Order-7. Debtor's petition and order thereon.
8 Bankruptcy Order-8. Effect of bankruptcy order.
9 Bankruptcy Order-9. [Deleted by Act A1534/2017] .
10 Bankruptcy Order-10. Discretionary powers as to appointment of interim receiver and stay of proceedings.
11 Bankruptcy Order-11. Service of order staying proceedings.
12 Bankruptcy Order-12. Power to appoint special manager.
13 Bankruptcy Order-13. Advertisement of bankruptcy order.
14 Bankruptcy Order-14. [Deleted by Act A1534/2017] .
15 Proceedings Consequent on Bankruptcy Order-15. Meeting of creditors.
16 Proceedings Consequent on Bankruptcy Order-16. Bankrupt's statement of affairs.
17 Public Examination of Bankrupt-17. Public examination of bankrupt.
18 Composition or Scheme of Arrangement-18. Power for creditors to accept and court to approve composition or arrangement.
19 Composition or Scheme of Arrangement-19. [Deleted by Act A1534/2017] .
20 Composition or Scheme of Arrangement-20. [Deleted by Act A1534/2017] .
21 Composition or Scheme of Arrangement-21. [Deleted by Act A1534/2017] .
22 Composition or Scheme of Arrangement-22. [Deleted by Act A1534/2017] .
23 Composition or Scheme of Arrangement-23. [Deleted by Act A1534/2017] .
24 Consultative Committee-24. [Deleted by Act A1534/2017] .
25 Consultative Committee-25. Consultative committee.
26 Consultative Committee-26. [Deleted by Act A1534/2017] .
27 Control over Person and Property of Debtor-27. Duties of bankrupt as to discovery and realization of property.
28 Control over Person and Property of Debtor-28. Arrest of debtor under certain circumstances.
29 Control over Person and Property of Debtor-29. Release of debtor on security.
30 Control over Person and Property of Debtor-30. Redirection of letters.
31 Control over Person and Property of Debtor-31. Discovery of bankrupt's property.
32 Control over Person and Property of Debtor-32. Director General of Insolvency to settle list of debtors to the estate.
33 Control over Person and Property of Debtor-33. Discharge of bankrupt by order of court.
33A Control over Person and Property of Debtor-33A. Discharge of bankrupt by Certificate of Director General of Insolvency.
33B Control over Person and Property of Debtor-33B. Objection by creditor to discharge of bankrupt under section 33A.
33C Control over Person and Property of Debtor-33C. Automatic discharge and suspension of automatic discharge.
34 Control over Person and Property of Debtor-34. Fraudulent settlements.
35 Control over Person and Property of Debtor-35. Effect of discharge.
35A Control over Person and Property of Debtor-35A. Discharged bankrupt to give assistance.
36 PART II DISQUALIFICATION AND DISABILITIES OF BANKRUPT-36. Disqualification of bankrupt.
37 PART II DISQUALIFICATION AND DISABILITIES OF BANKRUPT-37. Vacating offices by bankruptcy.
38 Undischarged Bankrupt-38. Consequences of refusal of discharge.
38A Undischarged Bankrupt-38A. Power to prevent bankrupt from leaving Malaysia.
39 Undischarged Bankrupt-39. List of undischarged bankrupts to be kept.
40 PART III ADMINISTRATION OF PROPERTY Proof of Debts-40. Description of debts provable in bankruptcy.
41 PART III ADMINISTRATION OF PROPERTY Proof of Debts-41. Mutual credit and set-off.
42 PART III ADMINISTRATION OF PROPERTY Proof of Debts-42. Rules as to proof of debts.
43 PART III ADMINISTRATION OF PROPERTY Proof of Debts-43. Priority of debts.
44 PART III ADMINISTRATION OF PROPERTY Proof of Debts-44. Preferential claim in case of apprenticeship and in respect of passage money.
45 PART III ADMINISTRATION OF PROPERTY Proof of Debts-45. Power to landlord to distrain for rent.
46 PART III ADMINISTRATION OF PROPERTY Proof of Debts-46. Postponement of husband's or wife's claims.
47 Property Available for Payment of Debts-47. Relation back of Director General of Insolvency's title.
48 Property Available for Payment of Debts-48. Description of bankrupt's property divisible amongst creditors.
49 Property Available for Payment of Debts-49. Provisions as to second bankruptcy.
50 Effect of Bankruptcy on Antecedent Transactions-50. Restriction of rights of creditor under execution or attachment.
51 Effect of Bankruptcy on Antecedent Transactions-51. Property taken in execution.
52 Effect of Bankruptcy on Antecedent Transactions-52. Avoidance of voluntary settlement.
53 Effect of Bankruptcy on Antecedent Transactions-53. Avoidance of preferences in certain cases.
53A Effect of Bankruptcy on Antecedent Transactions-53A. Avoidance of assignment of book debts.
53B Effect of Bankruptcy on Antecedent Transactions-53B. Property or proceeds therefrom deemed to be property of Official Assignee.
53C Effect of Bankruptcy on Antecedent Transactions-53C. Fair market value may be fixed on review.
54 Effect of Bankruptcy on Antecedent Transactions-54. Protection of bona fide transactions without notice.
55 Realization of Property-55. Possession of property by assignee.
56 Realization of Property-56. Seizure of property of bankrupt.
57 Realization of Property-57. Appropriation of portion of pay or salary to creditors.
58 Realization of Property-58. Vesting and transfer of property.
59 Realization of Property-59. Disclaimer of onerous property.
60 Realization of Property-60. Powers of Director General of Insolvency to deal with property.
61 Realization of Property-61. Powers exercisable by Director General of Insolvency subject to orders of court.
62 Distribution of Property-62. Declaration and distribution of dividends.
63 Distribution of Property-63. Joint and separate dividend.
64 Distribution of Property-64. Provision for creditors residing at a distance, etc .
65 Distribution of Property-65. Right of creditor who had not proved debt before declaration of a dividend.
66 Distribution of Property-66. Final dividend.
67 Distribution of Property-67. No action for dividend.
68 Distribution of Property-68. Power to allow bankrupt to manage property.
69 Distribution of Property-69. Rights of bankrupt to surplus.
70 PART IV OFFICIAL ASSIGNEE Appointment-70. Appointment of Director General of Insolvency and other officers.
71 PART IV OFFICIAL ASSIGNEE Appointment-71. Status of Director General of Insolvency.
72 PART IV OFFICIAL ASSIGNEE Appointment-72. Duties of Director General of Insolvency as regards the bankrupt's conduct.
73 PART IV OFFICIAL ASSIGNEE Appointment-73. Duties of Director General of Insolvency as to debtor's estate.
74 PART IV OFFICIAL ASSIGNEE Appointment-74. Protection of Director General of Insolvency and person acting under his direction or control.
75 Costs-75. Allowance and taxation of costs.
76 Receipts, Payments, Accounts Audit-76. Bankruptcy Estates Account.
77 Receipts, Payments, Accounts Audit-77. Investment of surplus funds.
77A Receipts, Payments, Accounts Audit-77A. Insolvency Assistance Fund.
78 Receipts, Payments, Accounts Audit-78. Inspection and audit of Director General of Insolvency's accounts.
79 Receipts, Payments, Accounts Audit-79. Director General of Insolvency to furnish list of creditors.
80 Receipts, Payments, Accounts Audit-80. Books to be kept by Director General of Insolvency.
81 Receipts, Payments, Accounts Audit-81. Official examination of Director General of Insolvency's records.
82 Release-82. Release of Director General of Insolvency.
83 Official Name-83. Official name of Director General of Insolvency.
84 Vacation of Office on Insolvency-84. Office of Official Assignee vacated by insolvency.
84A Additional Powers-84A. Additional powers of Director General of Insolvency.
85 Control-85. Discretionary powers of Director General of Insolvency and control thereof.
86 Control-86. Appeal to court against Director General of Insolvency.
87 Control-87. Control of court over Director General of Insolvency.
88 PART V CONSTITUTION, PROCEDURE AND POWERS OF COURT Jurisdiction-88. High Court to be the court having jurisdiction in bankruptcy.
89 PART V CONSTITUTION, PROCEDURE AND POWERS OF COURT Jurisdiction-89. Exercise in Chambers of jurisdiction.
90 PART V CONSTITUTION, PROCEDURE AND POWERS OF COURT Jurisdiction-90. Jurisdiction in bankruptcy of Registrar.
91 PART V CONSTITUTION, PROCEDURE AND POWERS OF COURT Jurisdiction-91. General power of bankruptcy courts.
92 Appeals-92. Appeals in bankruptcy.
93 Procedure-93. Discretionary powers of the court.
94 Procedure-94. Consolidation of petitions.
95 Procedure-95. Power to change carriage of proceedings.
96 Procedure-96. Continuance of proceedings on death of debtor.
97 Procedure-97. Power to stay proceedings.
98 Procedure-98. Power to present petition against one partner.
99 Procedure-99. Power to dismiss petition against some respondents only.
100 Procedure-100. Consolidation of bankruptcy proceedings by or against partners.
101 Procedure-101. Actions by Director General of Insolvency and bankrupt's partners.
102 Procedure-102. Actions on joint contracts.
103 Procedure-103. Proceedings in partnership name.
104 Procedure-104. Reciprocal provisions relating to Singapore and designated countries.
105 Annulment of Adjudication-105. Power of court to annul bankruptcy order in certain cases.
106 PART VI SMALL BANKRUPTCIES-106. Summary administration in small cases.
107 PART VI SMALL BANKRUPTCIES-107. Wage-earner.
108 PART VI SMALL BANKRUPTCIES-108. No public examination in small cases.
109 PART VII FRAUDULENT DEBTORS AND CREDITORS-109. Punishment of fraudulent debtors.
110 PART VII FRAUDULENT DEBTORS AND CREDITORS-110. Bankrupt failing to keep proper account.
111 PART VII FRAUDULENT DEBTORS AND CREDITORS-111. Bankrupt incurring debt without reasonable ground of expectation of paying it.
112 PART VII FRAUDULENT DEBTORS AND CREDITORS-112. Penalty for absconding with property.
113 PART VII FRAUDULENT DEBTORS AND CREDITORS-113. Penalty for absconding in order to avoid service of bankruptcy process or embarrass bankruptcy proceedings.
114 PART VII FRAUDULENT DEBTORS AND CREDITORS-114. Penalty on fraudulently obtaining credit, etc .
115 PART VII FRAUDULENT DEBTORS AND CREDITORS-115. Penalty on false claims; etc .
116 PART VII FRAUDULENT DEBTORS AND CREDITORS-116. Debts incurred by fraud.
117 PART VII FRAUDULENT DEBTORS AND CREDITORS-117. [Deleted by Act A1197] .
117A PART VII FRAUDULENT DEBTORS AND CREDITORS-117A. Sessions Court to have full jurisdiction to try offences.
118 PART VII FRAUDULENT DEBTORS AND CREDITORS-118. Criminal liability after discharge or composition.
119 PART VII FRAUDULENT DEBTORS AND CREDITORS-119. Form of charge.
120 PART VIII SUPPLEMENTAL PROVISIONS Application of Act-120. Application to married women.
121 PART VIII SUPPLEMENTAL PROVISIONS Application of Act-121. Exclusion of corporations and companies.
122 PART VIII SUPPLEMENTAL PROVISIONS Application of Act-122. Administration in bankruptcy of estate of person dying insolvent.
123 General Rules-123. Power to make rules.
124 Fees-124. Fees.
125 Evidence-125. Gazette to be evidence.
126 Evidence-126. Evidence of proceedings at meetings of creditors.
127 Evidence-127. Evidence of proceedings in bankruptcy.
128 Evidence-128. Swearing of affidavits.
129 Evidence-129. Death of witness.
130 Notices-130. Service of notices.
131 Formal Defects-131. Formal defect not to invalidate proceedings.
132 Stamp Duty-132. Exemption, of deeds, etc , from stamp duty.
133 Corporations, Firms and Mentally Disordered Persons-133. Acts of corporations, firms and mentally disordered persons.
134 Unclaimed Funds or Dividends-134. Unclaimed or undistributed money.
135 Bankrupt's Books-135. Access to bankrupt's books.
136 Repeals and Special Provisions-136. (Omitted).
137 Repeals and Special Provisions-137. Transitional provisions for States of Malaya.
138 Repeals and Special Provisions-138. Jurisdiction of District Officers, Sarawak and Sabah.
139 Repeals and Special Provisions-139. Transitional provisions for Sarawak and Sabah.
SupremeToday Portrait Ad

Enter the Future of Legal Excellence with SupremeToday AI

Elevate your legal practice with advanced AI-driven research and drafting solutions. Experience unmatched efficiency, precision, and security, tailored exclusively for legal professionals.

experience-legal
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

App_Store_Badge Google_Play_Store

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon

Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.

whatsapp-icon