https://www.taxtmi.com/caselaws?id=107972 A nationalised bank constituted as a corresponding new bank and Government company fell within the statutory bar in section 8 of the Provincial Insolvency Act, 1920. The Court treated the bank as a body corporate and as a company registered under the relevant enactment for this purpose, so it was not amenable to insolvency proceedings. The objection to the insolvency petition was therefore correctly upheld, and the writ petition failed for want of legal entitlement to relief. en-us Thu, 24 May 2001 00:00:00 +0530 Wed, 28 Mar 2012 11:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107972 A nationalised bank constituted as a corresponding new bank and Government company fell within the statutory bar in section 8 of the Provincial Insolvency Act, 1920. The Court treated the bank as a body corporate and as a company registered under the relevant enactment for this purpose, so it was not amenable to insolvency proceedings. The objection to the insolvency petition was therefore correctly upheld, and the writ petition failed for want of legal entitlement to relief. Case-Laws Companies Law Thu, 24 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107972