https://www.taxtmi.com/caselaws?id=96814 A broad resolution empowering bank officials to attend to all affairs of the bank and all court proceedings was held sufficient to authorise the filing of an insolvency petition, so the objection to authority failed. An attachment remaining in force for the statutory period under the insolvency provision constituted an act of insolvency, and the fact that earlier qualifying attachments existed did not prevent the later attachment from having that character. The challenge on both grounds therefore failed, and the adjudication of insolvency was upheld. en-us Fri, 26 Jul 1940 00:00:00 +0530 Wed, 11 Jan 2012 12:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96814 A broad resolution empowering bank officials to attend to all affairs of the bank and all court proceedings was held sufficient to authorise the filing of an insolvency petition, so the objection to authority failed. An attachment remaining in force for the statutory period under the insolvency provision constituted an act of insolvency, and the fact that earlier qualifying attachments existed did not prevent the later attachment from having that character. The challenge on both grounds therefore failed, and the adjudication of insolvency was upheld. Case-Laws Companies Law Fri, 26 Jul 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96814