123
It is important to bear
these fact in mind because
they greatly affect the assets
collected and
consequently the
amount of work to be
performed
by
Auditor.
The new
Bankruptcy
Ordinance No. 20 of 1891 came
into force
on the 31st of December 1891, the chief object in passing it, was to stop
the abuses above mentioned, by
placing
discretion in the
hands of the Court, for the
Court
may
dismiss
a bankruptcy petition if it is satisfied that there will be no substantial assets for division amongst the Creditors, or that for other sufficient cause an order ought not to be made, and
by ordering
public examination of the debtor before any
adjudication