Section 16 of the Provincial Insolvency Act, 1920 – Power to change carriage of proceedings

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Section 16: Power to change carriage of proceedings

Where the petitioner does not proceed with due diligence on this petition, the Court may substitute as petitioner any other creditor to whom the debtor may be indebted in the amount required by this Act in the case of a petitioning creditor.

Source: official text of The Provincial Insolvency Act, 1920 as published on India Code (PDF). All sections of the Provincial Insolvency Act, 1920.

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  4. Section 8 of the Provincial Insolvency Act, 1920 – Exemption of corporation, etc., from insolvency proceedings