https://www.taxtmi.com/caselaws?id=302709 A holder of a negotiable instrument who has obtained a decree on it remains a creditor entitled to seek adjudication of the debtor as insolvent, even where the instrument was endorsed for collection. For limitation under insolvency law, a transfer by registered sale deed becomes operative only on completion of registration, not on execution or mere presentation for registration, because the legal effect arises when the statutory registration process is completed under the Registration Act. The act of insolvency was therefore referable to the date of completed registration, and the contrary view was set aside for fresh consideration on whether the transfer amounted to an act of insolvency. en-us Wed, 25 Jan 1956 00:00:00 +0530 Mon, 13 Jun 2022 17:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302709 A holder of a negotiable instrument who has obtained a decree on it remains a creditor entitled to seek adjudication of the debtor as insolvent, even where the instrument was endorsed for collection. For limitation under insolvency law, a transfer by registered sale deed becomes operative only on completion of registration, not on execution or mere presentation for registration, because the legal effect arises when the statutory registration process is completed under the Registration Act. The act of insolvency was therefore referable to the date of completed registration, and the contrary view was set aside for fresh consideration on whether the transfer amounted to an act of insolvency. Case-Laws Indian Laws Wed, 25 Jan 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302709