https://www.taxtmi.com/caselaws?id=289861 A foreign insolvency adjudication in Penang was recognised under private international law as affecting the insolvent's immovable property in British India from the date of adjudication. The court held that the foreign bankruptcy ordinance did not operate extra territorially to vest Indian immovable property by its own force, but later attachment and execution in India could not prevail because the property had already become subject to the foreign insolvency process, subject to rights existing under the lex situs at the relevant time. Section 64 CPC did not assist, as the transfer was not a private transfer in the ordinary sense. The execution and attachment proceedings were stayed. en-us Tue, 17 Oct 1933 00:00:00 +0530 Wed, 26 Aug 2020 16:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289861 A foreign insolvency adjudication in Penang was recognised under private international law as affecting the insolvent's immovable property in British India from the date of adjudication. The court held that the foreign bankruptcy ordinance did not operate extra territorially to vest Indian immovable property by its own force, but later attachment and execution in India could not prevail because the property had already become subject to the foreign insolvency process, subject to rights existing under the lex situs at the relevant time. Section 64 CPC did not assist, as the transfer was not a private transfer in the ordinary sense. The execution and attachment proceedings were stayed. Case-Laws Indian Laws Tue, 17 Oct 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289861