section 55
Release of estates taken under section 18 when debts cannot be liquidated within reasonable time.
The Tamil Nadu Court of Wards Act, 1902(1) The Court may, with the previous sanction of the State Government, at any time within two years from the date of the notification published under section 19, release from its superintendence, on day to be notifie48 the property of a person who has been made a ward of the Court in pursuance of an order under section 18 without liquidating m y of his debts and liabilities or &r liquidating some of the debts and liabilities, when, the Court is satisfied that it is impracticable to liquidate within a reasonable time all the debts and liabilities or such of them as have not been liquidated and in either case the legal incapseity of such ward shall sew on the date so notified.
(2) Whenever an incumbrancer is dispossessed under motion 43, and his debt remains unliquidated at the time the Court relews from its superintendence the property of suoh ward under sub-section (1), the Collector shall replace the incumbranoer in possession.
(3) Whenever the property of a person is released under sub-aection (1) from the superintendence of the Court, the provisions of aectiona 41 and 42 shall not apply to any of the debts and liabilities of the ward remaining unliquidated at the time when hia property is so released.
(4) In oomputing the period! of limitation appli-oable bo a suit brought or applioation made againa6 suoh person or his legal representative after the Court has r e 1 4 his property under sub-seotion (1) the time during whioh the superintendence of the Comb continued shall be excluded.
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