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
6.
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
by
avr
7.
performed
Auditor.
The new
bankruptey
Ordinance No 20 of 1891 came
into force
on the 31th of Jecam.
ber 1891, the chief object in pas-
sing it, was to stop
of
the abuses above mentioned, by
placing
discretion in the
hands of the Cours, for the
Court
may
dismiss
bank.
ruptcy petition if it is catis -
sied that there will be mo substantial assets for division amongst the Creditors, or that for other sufficient cause order ought by ordering
to be made, and.
1...
public examina-
how of the debtor before any
adjudication
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