State Act

37

Section 37. Power to cancel one of concurrent orders of adjudication.

THE INSOLVENCY ACT, 1955

Act no. 2 of 19561956In forceKerala (State Act)

37. Power to cancel one of concurrent orders of adjudication.—If, in any case in which an order of adjudication has been made, it shall be proved to the Court by which such order was made that insolvency proceedings are pending in another Court against the same debtor, and that the property of the debtor can be more conveniently distributed by such other Court, the Court may annul the adjudication or stay all proceedings thereon.