The Provincial Insolvency Act, 1920

Provincial Insolvency Act, 1920

This edition of The Provincial Insolvency Act, 1920 (Act No. 5 of 1920), incorporating relevant State Amendments, is presented as an authoritative legal reference on the law relating to insolvency proceedings within the provinces of India. It comprehensively sets out the statutory provisions governing the rights, duties, and liabilities of insolvent persons and their creditors, along with the procedures for adjudication and administration of insolvent estates.

The book presents the bare text of the law—precisely as enacted—without commentary or interpretation, making it ideal for statutory referencing, academic study, and professional use. It ensures direct access to the legislative framework that regulates insolvency proceedings at the provincial level.

The content spans the complete scope of the Act, including:

• Conditions and procedures for presenting an insolvency petition

• Powers and jurisdiction of insolvency courts

• Duties of debtors and protection of their property during proceedings

• Appointment, powers, and responsibilities of receivers in insolvency cases

• Distribution of assets among creditors and settlement of claims

• Discharge of insolvent persons and consequences of adjudication

• Penalties for fraudulent conduct or concealment of property by insolvents

• State-specific amendments to address regional procedural variations in insolvency law

This edition is particularly suitable for:

• Legal practitioners handling insolvency and debt recovery cases

• Judicial officers and court staff involved in insolvency matters

• Government departments responsible for administration of justice

• Academicians, researchers, and students studying commercial and insolvency law

• Financial institutions and creditors managing insolvency-related claims

Whether used in legal practice, courts, government offices, or academic institutions, this edition delivers the full legislative authority of The Provincial Insolvency Act, 1920, as applicable in 2023.