Section 8. Appeals in insolvency

8. Appeals in insolvency.-- (1) The Court may review, rescind or vary any order made by it under its insolvency jurisdiction. (2) Orders in insolvency matters shall, at the instance of any person aggrieved, be subject to appeal as follows, namely:— (a) an appeal from an order made by an officer of the Court empowered under section 6 shall lie to the Judge assigned under section 4 for the transaction and disposal of matters in insolvency and no further appeal shall lie except by leave of such Judge; (b) save as otherwise provided in clause (a), an appeal from an order made by a Judge in the exercise of the jurisdiction conferred by this Act shall lie in the same way and be subject to the same provisions as an appeal from an order made by a Judge in the exercise of the ordinary original civil jurisdiction of the Court. 1 . The words "or Judicial Commissioner" omitted by the A.O.1948. 2. Ins. by Act 19 of 1927, Section.2. 8. For s.77A, applicable to Bombay and Madras, see the Presidency-towns Insolvency (Bombay Amendment) act, 1933 (Bom.20 of 1933), s.3 and the Presidency-towns Insolvency (Madras Amendment) Act, 1943 (Mad.5 of 1943), s.8 respectively. 8. Chairman.-- The official assignee shall be the chairman of any meeting. 8. Deduction to be made from proof.-- A creditor in lodging his proofs shall deduct from his debt all trade discounts, but he shall not be compelled to deduct any discount, not exceeding five per centum on the net amount of his claim, which he may have agreed to allow for payment in cash. Proof by secured creditors