Adjudication order-adjudication of debtor, Financial Accounting

Assignment Help:

Adjudication order

The court may adjudge the debtor bankrupt on the application of the O.R. or any creditor in the following cases:

If the creditors so resolve at their first meeting, or pass no resolution, or do not meet at all;

  1. If a composition or scheme is not approved within 14 days after the conclusion of the public examination, or such further time as the court may allow;
  2. If the debtor applies to be made bankrupt;
  3. If there is no quorum at the first meeting of the creditors;
  4. If the debtor has absconded or does not intend to propose a composition or scheme;
  5. If the public examination is adjourned sine die;
  6. If the debtor fails without reasonable cause to submit his statement of affairs;
  7. If a composition or scheme is annulled by the court.

Related Discussions:- Adjudication order-adjudication of debtor

Prepare mehring''s statement of cash flows, The following information is av...

The following information is available for Mehring Corporation for the year ended December 31, 2012: Collection of principal on long-term loan to a supplier

Fiscal policy , Fiscal Policy In a democracy, elected officials of the...

Fiscal Policy In a democracy, elected officials of the government create programs for the general welfare of the population. To pay for these programs, the government taxes in

Calculate the total cost, 1.  The average annual investment cost of a works...

1.  The average annual investment cost of a workstation in New Jersey has been calculated to be $100,000.  It has been calculated to be $150,000 in Kentucky.  The hourly cost at a

Interest revenue, Interest revenue: At the end of 2012, a manufacturer...

Interest revenue: At the end of 2012, a manufacturer sells machinery to a customer for $90,000. $30,000 is paid immediately, and the customer signs a promissory note for the r

Investment of accumulated income-trusts laws and accounts, Investment of ac...

Investment of accumulated income The income accumulations must be invested from time to time and the investments earmarked as being on Accumulations Account. The income aris

What type of an asset is goodwill, What kinds of risks does a firm like Ama...

What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks? G

Consignment, A of surat consigns goods to B of jaipur to be sold at or abov...

A of surat consigns goods to B of jaipur to be sold at or above price .Be is entitles to get a ommission of 8% on sales at invoice price plus 25% of any surplus price realized. B

Compute the maximum profit, Question: Vinak Ltd., which produces three ...

Question: Vinak Ltd., which produces three products provides you the following data for 2008-2009.

Legal aspects-autonomous branches, Legal Aspects There is no law relating...

Legal Aspects There is no law relating to branch accounts but examination problems under this heading are frequently linked to either partnership or company account problems. Ans

Dealing with changes in the trust-trusts laws and accounts, Dealing with ch...

Dealing with changes in the trust Profits or losses on disposal of investments should be treated as belonging to that part of the fund out of which they accrued. If not app

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd