Section 54A: By whom petitions for annulment may be made. A petition for the annulment of any

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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2[54A. By whom petitions for annulment may be made. A petition for the annulment of any transfer under section 53, or of any transfer, payment, obligation or judicial proceeding under section 54, may be made by the receiver or with the leave of the Court, by any creditor who has proved his debt and who satisfies the Court that the receiver has been requested and has refused to make such petition.]

Effective date: 1920-01-01

Related sections

Section 54: Avoidance of preference in certain cases Section 55: Protection of bona fide transactions. Subject to the foregoing provisions of this Act with Section 53: Avoidance of voluntary transfer. Any transfer of property not being a transfer made Section 56: Appointment of receiver.-(1) The Court may, at the time of the order of adjudication, or Section 52: Duties of Court executing decree as to property taken in execution. Where execution of Section 57: Power to appoint Official Receiver

Version provincial-insolvency-act-1920~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.