Section 32: Limitation of effect of composition or scheme. Notwithstanding the acceptance and — Insolvancy (Karachi Division) Act, 1909

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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32. Limitation of effect of composition or scheme. Notwithstanding the acceptance and approval of a composition or scheme, the composition or scheme shall not be binding on any creditor so far as regards a debt or liability from which, under the provisions of this Act, the insolvent would not be discharged by an order of discharge in insolvency, unless the creditor assents to the composition or scheme. Control over person and property of insolvent

Effective date: 1909-01-01

Related sections

Section 31: Power to re-adjudge debtor insolvent Section 33: Duties of insolvent as to discovery and realization of property Section 30: Order on approval Section 34: Arrest of insolvent Section 29: Approval of proposal by Court Section 35: Redirection of letters. Where the official assignee has been appointed interim receiver or

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