https://www.taxtmi.com/caselaws?id=464135 The Madras HC construed the General Clauses Act definition of local authority to include a body of Port Commissioners without requiring proof of control over a municipal or local fund, and held that the Port Trust therefore qualified as a local authority. It further held that an indemnity obligation incurred before adjudication, though contingent and unascertained at insolvency, was a provable debt within insolvency law. On that broad construction of "debts due," the Port Trust's claim attracted statutory priority, and the priority claim was upheld. en-us Fri, 01 May 1936 00:00:00 +0530 Tue, 07 Oct 2025 15:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464135 The Madras HC construed the General Clauses Act definition of local authority to include a body of Port Commissioners without requiring proof of control over a municipal or local fund, and held that the Port Trust therefore qualified as a local authority. It further held that an indemnity obligation incurred before adjudication, though contingent and unascertained at insolvency, was a provable debt within insolvency law. On that broad construction of "debts due," the Port Trust's claim attracted statutory priority, and the priority claim was upheld. Case-Laws Indian Laws Fri, 01 May 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464135