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THE INSOLVENCY ACT, 1955       (II of 1956)       CONTENTS 1. Short title, extent and commencement 2. Definitions   3. Insolvency jurisdiction 4. Power of Court to decide all questions arising in insolvency 5. General powers of Courts 6. Acts of insolvency. 7. Petition and adjudication 8. Exemption of corporation etc., from insolvency proceedings 9. Conditions on which creditor may petition 10. Conditions on which debtor may petition. 11. Court to which petition shall be presented 12. Verification of petition 13. Contents of petition 14. Withdrawal of petitions 15. Consolidation of petitions 16. Power to charge carriage of proceedings 17. Continuance of proceedings on death of debtor 18. Procedure for admission of petition 19. Procedure on admission of petition 20. Appointment of interim receiver. 21. Interim proceedings against debtor 22. Duties of debtors 23. Release of debtors 24. Procedure at hearing 25. Dismissal of petitions 26. Award of compensation 27. Order of adjudication 28. Effect of an order of adjudication 29. Insolvent's property to comprise certain capacity 30. Stay of pending proceedings 31. Publication of order of adjudication 32. Protection order 33. Power to arrest after adjudication 34. Schedule of creditors 35. Debts provable under the Act 36. Power to annual adjudication of insolvency. 37. Power to cancel one of concurrent orders of adjudication 38. Proceedings on annulment 39. Compositions and schemes of arrangement 40. Order on approval 41. Power to re-adjudge debtor insolvent 42. Discharge 43. Cases in which Court must refuse an absolute discharge 44. Adjudication to be annulled on failure to apply for discharge 45. Effect of order of discharge 46. Debt payable at future time 47. Mutual dealings and set off 48. Secured creditors 49. Interest 50. Mode of proof 51. Disallowance and reduction of entries in schedule 52. Restriction of rights of creditor under execution 53. Duties of Court executing decree as to property taken in execution 54. Avoidance of voluntary transfer 55. Avoidance of preference in certain cases 56. By whom petitions for annulment may be made 57. Protection of bonafide transactions 58. Appointment of receiver 59. Power to appoint Official Receivers 60. Power of Court if no receiver appointed 61. Duties and powers of receiver 62. Power to require information regarding insolvent’s property 63. Special provisions in regard to immovable property 64. Priority of debts 65. Calculation of dividends 66. Right of creditor who has not proved debt before declaration of a dividend 67. Final dividend 68. No suit for dividend 69. Management by and allowance to insolvent 70. Right of insolvent to surplus 71. Committee of inspection 72. Appeal to Court against receiver 73. Offences by debtors 74. Procedure on charge under Section 73 75. Criminal liability after discharge or composition 76. Undischarged insolvent obtaining credit 77. Disqualifications of insolvent 78. Summary administration 79. Appeals 80. Costs 81. Courts to be auxiliary to each other 82. Limitation 83. Power to make rules 84. Delegation of powers to Official Receivers 85. Power of Government to bar application of certain provisions to certain Courts 86. Repeal Rules Amendment