https://www.taxtmi.com/caselaws?id=153748 Deposits of a banking character payable on demand were treated as becoming enforceable only on demand, so limitation began when demand was made and the claims were not barred. An insolvency petition was maintainable where the debt had crystallised into a liquidated sum, even though repayment was linked to a determinable future time. Sale of the firm's immovable property in execution of a money decree within the prescribed period constituted an act of insolvency. The widow of a deceased partner was found to remain a partner on the evidence and could be adjudged insolvent on that basis. en-us Mon, 09 Apr 1984 00:00:00 +0530 Mon, 29 Jul 2013 15:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153748 Deposits of a banking character payable on demand were treated as becoming enforceable only on demand, so limitation began when demand was made and the claims were not barred. An insolvency petition was maintainable where the debt had crystallised into a liquidated sum, even though repayment was linked to a determinable future time. Sale of the firm's immovable property in execution of a money decree within the prescribed period constituted an act of insolvency. The widow of a deceased partner was found to remain a partner on the evidence and could be adjudged insolvent on that basis. Case-Laws Indian Laws Mon, 09 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153748