Petition By A Creditor To Declared Insolvent
IN THE COURT OF _______
Insolvency Petition
No_______ of 20 _______
In the matter of the Provincial Insolvency Act and the matter of the insolvency of
The humble petition of
the Creditor-Applicant, abovenamed under the provisions of Section 7 of the
Provincial Insolvency Act most respectfully sheweth:
1. That the abovenamed ………………………………………………………. (Debtor-Opposite Party) is
indebted to your applicant and the aggregate amount of debts owing to your
applicant amount to Rs ____________, detail whereof is given in the Schedule
hereto.
2. That the debts aforesaid consist of advances made by your applicant to the
opposite party on the security of pronotes, payment at sight and repeated
demands for the liquidation of which have received no response from the said
opposite party.
3. That one of the aforesaid debts consist of a simple money decree of the
Court of the Judge, Small Causes at ______________(or Suit No. ___________________
of ________________________, decided on _____________), which said decree was
put in execution and the movable property of the Debtor-Opposite Party is under
attachment in Ex. Case No______________________ of _______, of the said
Court.
4. That the above
subsisting attachment is an act of insolvency within the meaning of Section 6
of the Provincial Insolvency Act.
Wherefore your
applicant prays that this Court may be pleased to adjudge the said
Debtor-Opposite Party an insolvent.
Dated._______ Sd.
……………………..
VERIFICATION
0 Comments
Thank you for your response. It will help us to improve in the future.