https://www.taxtmi.com/caselaws?id=109636 Section 8 of the Provincial Insolvency Act, 1920 bars presentation of an insolvency petition against any corporation or any association or company registered under an enactment in force. That specific prohibition prevails over the general power in section 7 allowing petitions by creditors or debtors, so the maintainability of the petition is excluded regardless of who files it. The discussion also notes that reliance on section 31 is misplaced because that provision deals with protection after a person has been declared insolvent, not with whether an insolvency petition can be instituted in the first place. Accordingly, an insolvency petition against a corporation or company is not maintainable. en-us Tue, 22 Jul 2003 00:00:00 +0530 Wed, 11 Apr 2012 11:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109636 Section 8 of the Provincial Insolvency Act, 1920 bars presentation of an insolvency petition against any corporation or any association or company registered under an enactment in force. That specific prohibition prevails over the general power in section 7 allowing petitions by creditors or debtors, so the maintainability of the petition is excluded regardless of who files it. The discussion also notes that reliance on section 31 is misplaced because that provision deals with protection after a person has been declared insolvent, not with whether an insolvency petition can be instituted in the first place. Accordingly, an insolvency petition against a corporation or company is not maintainable. Case-Laws Companies Law Tue, 22 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109636