https://www.taxtmi.com/caselaws?id=469815 Under the Presidency Towns Insolvency Act, 1909, annulment of an insolvency adjudication requires discharge of all provable debts owed to the full body of creditors, not merely those who could support an insolvency notice under section 9(2). A DRT recovery certificate debt was therefore not excluded from consideration for annulment purposes simply because it was not a decree-debt for section 9(2) notice. The text also states that suppression of a material creditor and a false assertion that no other creditor existed justified recall of the annulment order, because the annulment had been sought on the footing that all debts were settled. en-us Wed, 31 Mar 2021 00:00:00 +0530 Mon, 06 Jul 2026 11:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469815 Under the Presidency Towns Insolvency Act, 1909, annulment of an insolvency adjudication requires discharge of all provable debts owed to the full body of creditors, not merely those who could support an insolvency notice under section 9(2). A DRT recovery certificate debt was therefore not excluded from consideration for annulment purposes simply because it was not a decree-debt for section 9(2) notice. The text also states that suppression of a material creditor and a false assertion that no other creditor existed justified recall of the annulment order, because the annulment had been sought on the footing that all debts were settled. Case-Laws IBC Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469815