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BANKRUPTCY AMENDMENT ACT 1980 No. 12 of 1980 - SECT 117
Power of the Court to declare deed or composition void
117. Section 222 of the Principal Act is amended-
(a) by inserting in sub-section (1) "the Registrar," before "the trustee";
(b) by omitting sub-section (2) and substituting the following sub-
section:
"(2) Upon the hearing of an application made under sub- section (1), the Court
may, subject to this section, make an order-
(a) declaring that the deed or composition is void, or that it is not
void, on the ground specified in the application; or
(b) declaring that a provision of the deed is void, or is not void, on the
ground specified in the application.";
(c) by adding at the end of sub-section (4) "or declaring any provision of
the deed or composition to be void";
(d) by inserting in sub-section (5) ", or a provision of a deed or
composition," after "a deed or composition"; and
(e) by adding at the end thereof the following sub-section:
"(10) Where in the course of proceedings before the Court (other than
proceedings by way of an application under sub-section (1)), the Court becomes
of the opinion that there is a doubt, on a particular ground, whether a deed
of assignment or deed of arrangement was entered into in accordance with this
Part or complies with the requirements of this Part, or whether a composition
has been accepted by a special resolution of a meeting of creditors under
section 204, and that it is desirable that the doubt be resolved, the Court
may direct the Registrar to apply to the Court under sub-section (1) for an
order under sub-section (2) in relation to the matter.".
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