Section 51: Restriction of rights of creditor under execution — Provincial Insolvency Act, 1920

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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51. Restriction of rights of creditor under execution.___ (1) Where execution of a decree has issued against the property of a debtor, no person shall be entitled to the benefit of the execution against the receiver except in respect of assets realised in the course of the execution by sale or otherwise before the date of the admission of the petition. (2) Nothing in this section shall affect the rights of a secured creditor in respect of the property against which the decree is executed. (3) A person who in good faith purchases the property of a debtor under a sale in execution shall in all cases acquire a good title to it against the receiver.

Effective date: 1920-01-01

Related sections

Section 50: Disallowance and reduction of entries in schedule Section 52: Duties of Court executing decree as to property taken in execution. Where execution of Section 49: Mode of proof Section 53: Avoidance of voluntary transfer. Any transfer of property not being a transfer made Section 48: Interest Section 54: Avoidance of preference in certain cases

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