Section 107: Exemption of corporation, etc., from insolvency proceedings. No insolvency petition
The Insolvancy (Karachi Division) Act, 1909 · General Laws · Legal status not independently verified
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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107. Exemption of corporation, etc., from insolvency proceedings. No insolvency petition shall be presented against any corporation or against any association or company registered under any enactment for the time being in force.
Effective date: 1909-01-01
Related sections
Section 106: Summary administration in small casesSection 108: Administration in insolvency of estate of person dying insolventSection 105: Criminal liability after discharge or composition. Where an insolvent has been guiltySection 109: Vesting of estate and mode of administrationSection 104: Procedure on charge under section 103. (1) Where the Court is satisfied, after suchSection 110: Payments of transfer by legal representatives
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