https://www.taxtmi.com/caselaws?id=309413 A money suit on a promissory note against defendants who later became insolvents did not, by that fact alone, become a proceeding relating to the insolvent property under Section 68(1)(d) of the Presidency Towns Insolvency Act. The Madras HC noted that the Official Assignee may institute, defend or continue proceedings only where the dispute concerns the insolvent's property, and distinguished ordinary money claims provable in insolvency from proceedings directly affecting assets vested in the Assignee. On that reasoning, the suit could proceed against the debtors without impleading the Official Assignee, who was neither a necessary nor a proper party. en-us Tue, 26 Feb 1980 00:00:00 +0530 Fri, 01 Sep 2023 16:23:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309413 A money suit on a promissory note against defendants who later became insolvents did not, by that fact alone, become a proceeding relating to the insolvent property under Section 68(1)(d) of the Presidency Towns Insolvency Act. The Madras HC noted that the Official Assignee may institute, defend or continue proceedings only where the dispute concerns the insolvent's property, and distinguished ordinary money claims provable in insolvency from proceedings directly affecting assets vested in the Assignee. On that reasoning, the suit could proceed against the debtors without impleading the Official Assignee, who was neither a necessary nor a proper party. Case-Laws Indian Laws Tue, 26 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309413