Supreme Court of India · 1965-10-14
YENUMULA MALLU DORA vs PERURI SEETHARATNAM AND OTHERS
- Citation / case number
- SC 1964/90370
- Court
- Supreme Court of India
- Petitioner
- YENUMULA MALLU DORA
- Respondent
- PERURI SEETHARATNAM AND OTHERS
- Bench
- HIDAYATULLAH
Judgment text excerpt
The Supreme Court upheld the adjudication of the appellant as an insolvent under the Provincial Insolvency Act, 1920, specifically referencing Section 6(e) and Section 25. The Court established that an act of insolvency, once committed, cannot be purged by subsequent payments to some creditors, as it remains available to all creditors until all debts are satisfied. The appeal was dismissed, affirming the lower courts' decisions that the act of insolvency was valid despite the appellant's later payment of the decretal amount.