{"id":244132,"date":"1925-01-08T00:00:00","date_gmt":"1925-01-07T18:06:40","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/ponnusami-naicker-vs-t-p-l-s-subramania-chettiar-on-8-january-1925"},"modified":"2017-11-16T13:13:05","modified_gmt":"2017-11-16T07:43:05","slug":"ponnusami-naicker-vs-t-p-l-s-subramania-chettiar-on-8-january-1925","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/ponnusami-naicker-vs-t-p-l-s-subramania-chettiar-on-8-january-1925","title":{"rendered":"Ponnusami Naicker vs T.P.L.S. Subramania Chettiar on 8 January, 1925"},"content":{"rendered":"<div class=\"docsource_main\">Madras High Court<\/div>\n<div class=\"doc_title\">Ponnusami Naicker vs T.P.L.S. Subramania Chettiar on 8 January, 1925<\/div>\n<div class=\"doc_citations\">Equivalent citations: AIR 1925 Mad 1246<\/div>\n<\/p>\n<pre><\/pre>\n<p>JUDGMENT<\/p>\n<p>1. The appellant is a creditor who consented to the composition which was accepted by the Court. He has no right to object to the sale of the charged property by the District Munsif&#8217;s Court. The proper person to take proceedings under the Insolvency Act is the Official Receiver or the Special Receiver, whosoever is appointed. In this case the Special Receiver did apply to the District Court to stop the sale and his application was refused by the District Court. The appellant who is a creditor now applied in the District Court for the same relief which was denied to the Special Receiver. The Special Receiver represented all the unsecured creditors in previous proceedings and the order against him is binding on all the unsecured creditors. The respondent is a secured creditor and an unsecured creditor cannot move the Court in insolvency unless the Official Receiver or Special Receiver has refused to act in the matter. Here he has acted and failed. The appellant is not competent to maintain this appeal. The order of the learned District Judge is right. The appeal is dismissed with costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Madras High Court Ponnusami Naicker vs T.P.L.S. Subramania Chettiar on 8 January, 1925 Equivalent citations: AIR 1925 Mad 1246 JUDGMENT 1. The appellant is a creditor who consented to the composition which was accepted by the Court. He has no right to object to the sale of the charged property by the District Munsif&#8217;s Court. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-244132","post","type-post","status-publish","format-standard","hentry","category-high-court","category-madras-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ponnusami Naicker vs T.P.L.S. 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