Supreme Court of India
Tukaram Ramchandra Mane (dead) by Lrs. v. Rajaram Bapu Lakule (dead) by Lrs.
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From the headnote
Insolvency : Provincial Insolvency Act, 1920: Section 37(1). Adjudication of debtor as insolvent-Annulment-Effect of-Debtor, being owner of suit property, transferred to creditor by deed of mortgage by conditional sale of a certain sum-Subsequently, the debtor executed regular sale deed in favour of the creditor for an additional amount-Insolvency Court adjudicated the debtor as an insolvent and appointed official receiver in respect of the property-later, the Insolvency Court, on evidence, held the regular sale deed to be null and void-Appellate court confirmed the decision-Ultimately…
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