The Presidency-Towns Insolvency Act, 1909

Section 7. Power of Court to decide all questions arising in insolvency

In force · As amended up to 2026-08

7. Power of Court to decide all questions arising in insolvency.-- Subject to the provisions of this Act, the Court shall have full power to decide all questions of priorities, and all other questions whatsoever, whether of law or fact, which may arise in any case of insolvency coming within the cognizance of the Court, or which the Court may deem it expedient or necessary to decide for the purpose of doing complete justice or making a complete distribution of property in any such case: 2[Provided that, unless all the parties otherwise agree, the power hereby given shall, for the purpose of deciding any matter arising under section 36, be exercised only in the manner and to the extent provided in that section.] Appeals 1[113. Sanction to rules 7. For s.112A, applicable to Calcutta only, see the Presidency-towns Insolvency (Bengal Amendment) act, 1936 (Ben.18 of 1936), s.9. 1[113. Sanction to rules.-- Rules made under the provisions of this Part shall be subject to the previous sanction of the State Government.] 7. See now the Provincial Insolvency Act, 1920 (5 of 1920). 8. Sub-section (1) and the words "Notwithstanding the repeal effected by this Act," in sub-section (2) rep. by Act 10 of 1914, s.3 and Sch. II. THE FIRST SCHEDULE ( See section 26) MEETINGS OF CREDITORS 7. Costs of meeting.-- Where on the request of creditors the official assignee summons a meeting, there shall be deposited with the written request the sum of five rupees for every twenty creditors for the costs of summoning the meeting, including all disbursements: Provided that the official assignee may require such further sum to be deposited as in his opinion shall be sufficient to cover the costs and expenses of the meeting. 7. Right to see and examine proof.-- Every creditor who has lodged a proof shall be entitled to see and examine the proofs of other creditors at all reasonable times.

Source: India Code