Himachal Pradesh Debt Reduction Act
Chapter II INSOLVENCY PROCEDURE
General197630 sections5 chapters
Chapter II INSOLVENCY PROCEDURE
3. Amendment of section 10 of the Provincial Insolvency Act, 1920
Statutory text
In sub-section (1) of section 10 of the Provincial Insolvency Act, 1920 (5 of 1920), after the existing clause (a) the following clause shall be inserted:- "(aa) his debts amount to two hundred and fifty rupees and he satisfies the court that he is entitled to summary administration of his estate under section 74 of this Act; or".
Chapter II INSOLVENCY PROCEDURE
4. Amendment of section 74 of the Provincial Insolvency Act, 1920
Statutory text
In section 74 of the Provincial Insolvency Act, 1920 (5 of 1920) for the words "five hundred rupees" the words "two thousand rupees" shall be substituted.
PDF: pending for this language.