QP Code : CY-2528 G Hows) [ Total Marks : 100 N. B.: (1) Attempt all questions. (2) Figures to the right indicate full marks assigned. — a i ll 1. Answer in short all questions. » "(@) What are the twin objects of insolvency law? ‘What is an order of adjudication? {@) Who is 0 secured creditor? (@) How is ‘property’ defined? (©) What ace the purposes for which the insolvency proceedings can be continued even after the death of the debtor? (© What do you understand by insolvency Notice? (@) Under PTIA what are the conditions on which a debtor may petition? (a) What are small insolvencies? @ Wha is after acquired property? @) What is the rule as to application of surplus? short notes on any four: EU {(@) Creditors petition @) Provable ‘debts (©) Protection order (@) Avoidance of voluntary transfer (€) Duties and Powers of receiver (0 Doctrine of reputed ownership 3. Answer any two: n (@) ‘A’ who is adjudged an insolvent fails to apply for discharge within the time specified by the court (® Why is the debior, in this case, ‘A’, required to apply for discharge? Gi) What is conditional discharge and what is absolute discharge? (&) Ms. Shetty Brothers is a partnership firm having five partners. Of the five, one is a minor, The firm is facing insolvency proccedings. (@ If Mls Shetty Brothers is adjudged insolvent, against which partners will the order of adjudication operate? (i) What will be the effect of such order on the property of the ‘fim? [TURN ovERcourt to stay proceedings: pending | ‘against *X’, 4) When can the court appoint special “Answer agy four in detail: () Bramine the acts of in ‘olwency asd explain the principles common to all such acts.