278 evsK-Kvvbx AvBb, 1991

(2) evsjv`k evsK `ki evsK eevi MwZ I DbwZ weavbK

Dnvi Kvhvejx mK miKvii wbKU GKwU evwlK cwZe`b `vwLj
Kwie Ges D cwZe`b evsK-eemvK mgM `k Rvi`vi Kivi
Rb MnYxq c`c mK civgk _vwKe|
KwZcq evsK- 50| (1) aviv 13, 14(1), 24, 25, 33 Ges 34 Gi weavbvejx

h.
Kvvbxi

es
KwZcq weavb
wbewYZ evsK-Kvvbxmg~ni chvR nBe bv, h_v :-

lad
chvR nBe bv (K) aviv 31 Gi Aaxb h Kvvbxi jvBmi Ave`b cZvLvb ev

ng
jvBm evwZj Kiv nBqvQ;

Ba
(L) Kvb Av`vjZ KZK Abygvw`Z Avcvl gxgvsmv, eev ev xg

rs,
viv, ev ZrmwKZ Kvhavivq c` Kvb Av`k viv h Kvvbx

fai
KZK b~Zb AvgvbZ MnY wbwl nBqvQ;

Af
(M) ggvivg Ae Gvmvwmqkb Kvb cwieZbi dj h Kvvbx

ry
KZK b~Zb AvgvbZ MnY wbwl nBqvQ|

nta
(2) evsjv`k evsK hw` GB gg m nq h, Dc-aviv (1) G
me
DwjwLZ Kvb evsK-Kvvbx ZrKZK MnxZ AvgvbZ m~Yfve A_ev
lia
Dnvi c meci mevP cwigvY cwikvai Rb chv eev MnY
ar
KwiqvQ, Zvnv nBj evsjv`k evsK, miKvix MRU wew viv, D
dP

Kvvbx GB AvBbi eeZ A_ evsK-Kvvbx bn ewjqv NvlYv

an

KwiZ cvwie Ges GBic NvlYvi ci nBZ D evsK-Kvvbxi

ce

GB AvBbi weavbvejx chvR nBe bv :

sti

Ze kZ _vK h, D wew cKvki c~e D Kvvbx KZK

Ju

mvw`Z I mv`bxq Kvb wKQyi D NvlYv KvhKi nBe bv|

w,
La

ZZxq L
of

Kvvbx, BZvw`i eAvBbx evsK-eemv

try
nis

KwZcq Z_, BZvw` 51| evsjv`k evsKi wbKU hw` GB gg cZxqgvb nq h, Kvb
Zje Kwievi gZv evsK-Kvvbx ev Ab Kvb ew aviv 1[31(1)] Gi weavb jNbg
Mi

evsK-eemv cwiPvjbv KwiZQ, Zvnv nBj evsjv`k evsK,-

@

(K) D Kvvbx ev ewK, ev evsK-eemv KwiZQb ev Kvb mgq

ht
rig

KwiqvwQjb ev Dnvi mwnZ mswk wQjb Ggb Kvb ewK,

wbavwiZ mgqi ga, DcwiDic eemvi mwnZ mwKZ D
py

Kvvbxi ev ewi AeMwZZ, `Lj, wRvq ev wbqY AvQ

Co

Ggb Kvb Z_, `wjj ev bw_c `vwLj Kivi wb`k w`Z cvwie;

1
31(1) msLvwj I ebxwj 32(1) msLvwj I ebxwji cwieZ evsK Kvvbx (mskvab)
AvBb, 1993 (1993 mbi 13 bs AvBb) Gi 19 avivej cwZvwcZ|
 evsK-Kvvbx AvBb, 1991 279

(L) D Kvvbx ev ewi ev evsK-eemv KwiZQb ev Kvb mgq

KwiqvwQjb ev Dnvi mwnZ mswk wQjb Ggb Kvb ewi h
Kvb AsMb cek Kwiqv Zjvkx KwiZ Ges Dnv`i ev Dnv`i
Kvb KgKZv ev KgPvixi `Lj, wbqY ev wRvq iwnqvQ evsK-
eemv msv Ggb me eB, wnmvei LvZvc, `wjj ev bw_c

h.
AvUK KwiZ h Kvb ewK gZv AcY KwiZ cvwie;

es
(M) `dv (L) Z DwjwLZ Kvb ewn, wnmvei LvZvc, `wjj ev bw_c

lad
cwi`kb ev cixv KwiZ cvwie; Ges D `dvq DwjwLZ h

ng
Kvb ew, KgKZv ev KgPvixK wRvmvev` KwiZ cvwie;

Ba
(N) D Kvvbx ev ew ev `dv (L) Z DwjwLZ h Kvb ew,

rs,
KgKZv ev KgPvixi , aviv 44 Gi Dc-aviv (1), (2), (4) I

fai
(5) G evsjv`k evsK-K c` gZvejxi hZUzKz chvR nq

Af
ZZUzKz cqvM KwiZ cvwie|

ry
nta
52| (1) evsjv`k evsK, GZ`yk hBic msMZ gb Ki NvlYv c`vbi
(mBic Z`i ci, hw` GBic AwfgZ cvlY Ki) h, Kvb evsK- gZv
me
Kvvbx ev aviv 51 Z DwjwLZ Kvb ew aviv 1[31(1)] Gi weavb
lia
jNb Kwiqv evsK-eemv cwiPvjbv KwiZQb, Zvnv nBj evsjv`k
ar
evsK mB gg GKwU NvlYv c`vb KwiZ cvwie :
dP

Ze kZ _vK h, Dic NvlYv c`vbi c~e D Kvvbx ev

an

ewK cvweZ NvlYvi wei Dnvi ev Zuvnvi ee Dcvcbi myhvM

ce

w`Z nBe|
sti
Ju

(2) Dc-aviv (1) Gi Aaxb evsjv`k evsKi Kvb NvlYv `wbK

w,

cwKvq cKvk KwiZ nBe Ges, GBic cKvkbvi ci, D Kvvbx ev

La

Dnvi cavb wbevnx ev Dnvi Kvb cwiPvjK, gvbRvi, KgKZv, KgPvix

ev cwZwbwa, ev aviv 54 Gi Dc-aviv (1), (3) ev (4) A_ev aviv 55Z
of

DwjwLZ Ab Kvb ew D NvlYv mK AewnZ bnb GB cKvi

try

Kvb ARynvZ `LvBZ cvwieb bv|

nis
Mi

(3) GB Li Dk c~iYK Dc-aviv (1) Gi Aaxb c` Kvb

NvlYv DnvZ DwjwLZ Kvb welqi evcvi P~ov mv nBe|
@
ht

53| Kvb evsK-Kvvbx ev Ab Kvb ew mK aviv 52(1) aviv 52 Gi Aaxb

rig

c` NvlYvi
Gi Aaxb Kvb NvlYv cKvwkZ nBj, D Kvvbx ev ew Dnvi ev cwiYwZ
py

Zuvnvi mKj KvR I jb`b nBZ weiZ _vwKe, Ges D NvlYv

Co

1
31(1) msLvwj I ebxwj 32(1) msLvwj I ebxwji cwieZ evsK Kvvbx (mskvab)
AvBb, 1993 (1993 mbi 13 bs AvBb) Gi 20 avivej cwZvwcZ|
 280 evsK-Kvvbx AvBb, 1991

cKvkbvi ci, D Kvvbx ev ew, ev Dnvi ev Zuvnvi c KvhiZ

Kvb ew, ev Abyicfve KvhiZ ewjqv weewPZ Kvb ewi mwnZ
Kvb jb`b Kiv nBj, D jb`b AKvhKi nBe|
bM` Rgv Ges m` 54| (1) aviv 53 Z weaZ hvnvB _vKzK bv Kb, Kvb evsK-

h.
msiY BZvw`
Kvvbx ev Ab Kvb ew mK aviv 52 (1) Gi Aaxb Kvb NvlYv

es
cKvwkZ nBj, D Kvvbx ev ewi ev Dnvi ev Zuvnvi c Kvb

lad
ewi `Lj, Zveavb, wbqY ev wRvq AvQ Ggb me UvKv cqmv,

ng
vei mw, kqvi, mwi ^Z-`wjj ev Ab Kvb `wjj, hZ kxN

Ba
me, Kvb b~Zb evsK ev ZrKZK gZv c` Kvb ewi wbKU Rgv
ivwLZ nBe|

rs,
fai
(2) Dc-aviv (1) Abyhvqx DnvZ DwjwLZ Kvb ew hw` Kvb UvKv

Af
cqmv, vei mw, kqvi, mwi ^Z-`wjj ev Ab Kvb `wjj aviv

ry
52(1) Gi Aaxb c` NvlYv cKvwkZ nIqvi `yB w`bi ga Rgv

nta
ivwLZ e_ nq, Zvnv nBj evsjv`k evsK KZK GZ`yk gZvcv

me
Kvb ew h Kvb AY cek KwiZ, Dnv Zjvkx KwiZ Ges D
UvKv cqmv, mw, kqvi, ^Z-`wjj ev Ab `wjj AvUK Kwiqv Dc-
lia
aviv (1) Abyhvqx Rgv ivwLZ cvwieb|
ar
dP

(3) aviv 56 Gi Aaxb Ave`bi wfwZ Av`vjZ KZK wbhy

an

miKvix AemvqK, miKvix Avggvvi, Avqx-wiwmfvi ev miKvix

ce

wiwmfvi KZK aviv 52(1) Gi Aaxb NvlYvq DwjwLZ Kvb Kvvbx ev

sti

ewi mKj ewn, wnmvei LvZvc, `wjj, bw_c Ges m`i `Lj ev
Ju

Zveavbi `vwqZ MnYi c~e ch D Kvvbxi cavb wbevnx ev

cwiPvjK ev D Kvvbx ev ewi gvbRvi, KgKZv Ges cwZwbwa, ev
w,

Ab Kvb ew hvnvi `Lj ev Zveavb, wbqY ev wRvq D ewn,

La

wnmvei LvZvc, `wjj, bw_c ev m` _vK Dnv iY Kwieb, Ges

of

Dic iwZ Aevq Dnvi Kvb jvKmvb ev wZ nBj Zb wZwb

try

`vqx _vwKeb|
nis

(4) aviv 52 (1) Gi Aaxb NvlYvq DwjwLZ Kvb Kvvbx ev ewi

Mi

wbKU FYx iwnqvQ Ggb h Kvb ew D NvlYv cKvwkZ nBevi ZvwiL

@

nBZ D Kvvbxi Aemvqbi Av`k ev Av`vjZi ivq c`vbi ZvwiL

ht

ch mgqi ga Dc-aviv (1) G weaZ cwZZ FY cwikva Kwieb Ges

rig

ZrmK evsjv`k evsK-K wjwLZfve AewnZ Kwieb|

py
Co

(5) aviv 52(1) Gi Aaxb NvlYvq DwjwLZ Kvb Kvvbx ev

ewi wei Kvb gvgjv, Avcxj ev `iLv A_ev Abyic gvgjv, Avcxj
ev `iLv nBZ D~Z Kvb Kvhaviv GB AvBb ceZbi c~e wePvivaxb
 evsK-Kvvbx AvBb, 1991 281

_vwKj, aviv 52(2) Gi Aaxb NvlYv cKvwkZ nBevi ZvwiL nBZ D

Kvvbxi Aemvqbi Av`k ev Av`vjZi ivq c`vbi ZvwiL ch
mgqKvj Limitation Act, 1908 (IX of 1908) G weaZ Zvgvw`Kvj
MYbvi ev` `Iqv nBe|

h.
55| Kvb evsK-Kvvbx ev ew mK aviv 52 Gi Aaxb evsjv`k evsKi

es
NvlYv cKvwkZ nBevi wZb w`bi ga ev evsjv`k evsK KZK wbKU m` Ges `vq

lad
m^wjZ weewZ `vwLj
gyixKZ ewaZ mgqi ga D Kvvbxi cavb wbevnx Ges cZK

ng
cwiPvjK, Ges D Kvvbxi ev ewi gvbRvi, KgKZv I cwZwbwa,

Ba
Ges D Kvvbx ev ewi wei h Kvb `vex`vi, Zuvnvi ndvRZ
D Kvvbxi ev ewi h mKj m` iwZ AvQ ZrmK GKwU

rs,
weewZ evsjv`k evsKi wbKU `vwLj Kwieb|

fai
Af
56| (1) aviv 52(1) Gi Aaxb Kvb NvlYv Kvb ew wekl ev Aemvqb BZvw`i

ry
Kvvbxi mK bv nBqv Kvb ew mgw mK nBqv _vwKj, D Rb AvbylswMK

nta
1 weavb
ew mgw Kvvbx AvBbi [beg L] Gi Aaxb AemvqbhvM

me
AwbebKZ Kvvbx wnmve MY nBe| lia
(2) Kvb wbebKZ ev AwbebKZ Kvvbx mK aviv 52(1)
ar
Gi Aaxb Kvb NvlYv cKvwkZ nBj D cKvkbvi ZvwiL nBZ mvZ
dP

w`bi ga ev miKvi KZK GZ`yk ewZ mgqi ga evsjv`k

an

evsK KZK ckKZ `iLvi wfwZ nvBKvU wefvM D Kvvbx

ce

mK Aemvqbi Av`k w`Z cvwie|

sti

(3) aviv 64, 66 I 76 eZxZ l L Ges mg Li weavbvejxi

Ju

hZUzKz Kvb evsK-Kvvbxi Aemvqbi chvR nq ZZUzKz Dc-

w,

aviv (2) Gi Aaxb ckKZ `iLv Ges Dnvi AbyeZx Kvhavivi

La

chvR nBe|
of

(4) 2[`Dwjqv welqK AvBb, 1997 (1997 mbi 10 bs AvBb)] G

try

hvnv wKQyB _vKzK bv Kb, aviv 52(1) Gi Aaxb c` Kvb NvlYv Kvb
nis

ew wekl mwKZ nBj, D NvlYv D ewK `Dwjqv NvlYv

Mi

Kivi Rb GKwU h_ KviY wnmve weewPZ nBe, Ges ZuvnvK

@

`Dwjqv NvlYv Kwievi gZvmb Av`vjZ, D avivi Dc-aviv (2)

ht

Gi Aaxb NvlYvwU cKvwkZ nBevi mvZ w`bi ga ev miKvi KZK

rig
py
Co

1
beg L kwj Part IX k I msLvwUi cwieZ evsK Kvvbx (mskvab) AvBb, 2003 (2003
mbi 11 bs AvBb) Gi 25 avivej cwZvwcZ|
2
`Dwjqv welqK AvBb, 1997 (1997 mbi 10 bs AvBb) kwj, Kgv, msLvwj I ebxwj
Insolvency Act, 1920 (V of 1920) kwj, Kgv, msLvwj I ebxwji cwieZ evsK
Kvvbx (mskvab) AvBb, 2003 (2003 mbi 11 bs AvBb) Gi 25 avivej cwZvwcZ|
 282 evsK-Kvvbx AvBb, 1991

GZ`yk ewaZ mgqi ga, evsjv`k evsK KZK ckKZ `iLvi

wfwZ Ges Ab Kvb cgvY QvovB D ewK `Dwjqv NvlYv Kwiqv
Av`k c`vb KwiZ cvwie Ges D `Dwjqvi mw eUb I
cwiPvjbvi evcvi D 1[AvBb] Gi weavbvejx AbymiY Kiv nBe :

h.
Ze kZ _vK h, cieZxZ D Av`k i` KwiZ ev D ewi

es
`vq mwKZ Kvb Avcvl iv ev Ab Kvb eev Abygv`b KwiZ

lad
D Av`vjZi Kvb gZv _vwKe bv|

ng
PZz_ L

Ba
evsK-Kvvbx mwKZ KwZcq ZrciZvi Dci wewa-wbla

rs,
fai
evsK-Kvvbx 57| (1) Kvb ew-

Af
mwKZ KwZcq

ry
ZrciZvi kvw (K) evsK-Kvvbxi Kvb `i ev Kvhj AvBbvbyMfve Ab Kvb

nta
ewi cek ev Z_v nBZ ewnMgb ev Z_vq Kvb Kvh

me
mv`b evav mw Kwieb bv; A_ev
lia
(L) evsK-Kvvbxi Kvb `i ev Kvhj DMfve Kvb wgwQj
ar
Kwieb bv, ev evsK-Kvvbxi ^vfvweK KvhKjvc I jb`b
dP

evNvZ mwKvix ev evNvZ mwi Dk cwiKwZ Kvb Kvh

Kwieb bv; ev
an
ce

(M) evsK-Kvvbxi Dci Dnvi AvgvbZKvixi Avv b Kwievi

Dk cwiKwZfve Kvb wKQy Kwieb bv|
sti
Ju

(2) Kvb ew hywmsMZ KviY ewZiK Dc-aviv (1) Gi weavb

w,

f Kwij, wZwb Ab~a `yB ermii Kviv` ev Ab~a wek nvRvi UvKv
La

A_` ev Dfq ` `bxq nBeb|

of

(3) GB avivq evsK-Kvvbx ewjZ evsjv`k evsK-KI

try

eySvBe|
nis
Mi

cg L
@

evsK-Kvvbxi cwZvb AwaMnY

ht
rig

evsK-Kvvbxi 58| (1) evsjv`k evsK nBZ wicvU cvwi ci hw` miKvi GB
cwZvb AwaMnY
py

gg m nq h,-
Co

(K) aviv 29 ev aviv 45 Gi Aaxb evsK-bxwZ mwKZ wjwLZ

1
AvBb kwU Act kwUi cwieZ evsK Kvvbx (mskvab) AvBb, 2003 (2003 mbi 11 bs
AvBb) Gi 25 avivej cwZvwcZ|