1937 (2) TMI 5

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..... from the schedule. The matter has been dealt with in the courts below on the assumption that the respondents' claim could have been enforced in a court of law on the date of the presentation of the insolvency petition but that the remedy by suit had become barred by limitation before the date of the order of adjudication. The case has been argued before us on the same assumption. 2. Sectio .....

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..... of the expression the commencement of the insolvency in the course of the judgment in Sivasubramania v. Theethiappa (1923)45MLJ166 . The latter case is clearly distinguishable; but as regards the former case, it cannot be denied that the reasoning on which the decision has been based affords support to the respondent's contention, though it is perhaps possible to justify the decision on a .....

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..... doctrine must be held to govern the interpretation of the expression 'order of adjudication' occurring in some of the later sections of the Act. In Atchuta Ramayya Garu v. Official Receiver, East Godavari (1935)69MLJ241 , both the learned Judges expressed the opinion that the restriction imposed by Clause (2) of Section 28 on the institution of suits by creditors must in view of Section .....

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..... urpose and effect were explained by the Master of the Rolls in Pollitt, In re (1893)1 Q.B. 455. The observations in some of the earlier English decisions (which have been quoted in the later cases) must, it seems to us, be understood with due regard to the state of the law when those cases were decided. The Provincial Insolvency Act however has not wholly followed the scheme of the English Act of .....

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..... back' in the sense in which it has been introduced by the Act. 5. In a matter where certainty and uniformity of practice is more important than theoretical unassailability, we do not feel justified in dissenting from the view which has been expressed or assumed in the several cases above referred to, in several provinces. Presumably creditors must for many years have acted on the view thus .....

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