Citation : 2021 Latest Caselaw 2797 AP
Judgement Date : 2 August, 2021
HIGH COURT OF ANDHRA PRADESH :: AT AMARAVATI
MAIN CASE: C.M.S.A. No.10 of 2021
PROCEEDING SHEET
Sl. Date ORDER OFFICE
No. NOTE
1. 02.8.2021 MVR,J
C.M.S.A. No.10 of 2021
Heard Sri T.V.Jaggi Reddy, learned counsel
for the appellant. Considering the decrees and
judgments of the trial Court as well as the first
appellate Court since the following substantial
questions of law arise for determination in this
second appeal, Admit:
1. Whether the alienation of the property by the debtor
to defraud the creditors amount to fraudulent
transaction and hence the debtor is liable to be
declared a insolvent? If so the judgments of the
Courts below are vitiated?
2. Whether the Courts below had failed to consider the
purport of Section 53 of the Transfer of Property Act
read with Section 9 of the Insolvency Act?
3. Whether the findings of the Courts below that the
debtor discharged other debt by alienating the
property, in the absence of cogent evidence with
regard to valid debts, is an act of insolvent? If so
the judgments of the Courts below are vitiated?
Issue notice to the respondents to submit
arguments in respect of the above substantial questions of law (Arulmighu Nellukadai Mariamman Tirukkoil vs. Tamilarasi (dead) by LRs., Air 2019 SC 3027 followed).
List during the last week of October 2021.
________ MVR,J vasu
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