SAMPLE OF PETITION TO BE FILED UNDER SECTION 20 OF THE PROVINCIAL INSOLVENCY ACT
October 6, 2023SAMPLE PETITION FOR AFFIDAVIT FILED ON BEHALF OF THE PETITIONER UNDER I.P ACT
October 6, 2023SAMPLE PETITION FOR PETITION FILED ON BEHALF OF THE PETITIONER UNDER PROVINCIAL INSOLVENCY ACT,1920
IN THE COURT OF ………………..
I.P. No. ………….. of …………..
Between :
A.B. … Petitioner
And
C.D. … Defendant
Affidavit filed on behalf of the petitioner
I, Mr……………………………,
son of ………………………..,
an adult Indian inhabitant, Occupation: …………..,
residing at ……………….………………..,
do hereby solemnly affirm and state as follows :
1. I submit that I am the petitioner herein and file the above I.P. to adjudge the respondent as insolvent. I also submit that in the existing circumstances if reasonable security is not given the debtor may disappear and we may not be able to realise any amount from him.
2. It is therefore prayed that this Hon’ble Court may be pleased to direct the respondent to give reasonable security for his appearance until the final orders are passed in the I.P.
3. It is therefore prayed that this Hon’ble Court may be pleased to direct the respondent to give security for his appearance failing which I will be put to serious loss and damage.
Solemnly affirmed at ……………. on this
the …………. day of ………… and signed
Deponent
Before me
Advocate………….
IN THE COURT OF ……………..
IA. No. …………. of ……………
I.P. No. ………… of ………….
Between :
A.B. I … Petitioner
And
C.D. … Defendant
PETITION FILED ON BEHALF OF THE PETITIONER UNDER SECTION 21
OF PROVINCIAL INSOLVENCY ACT, 1920.
For the reasons stated in the accompanying affidavit herewith filed it is prayed that this Hon’ble Court may be pleased to direct the respondent to give reasonable security for his appearance until final orders and pass such other orders.
Advocate for the petitioner.
