P. VEERASAMY vs THE OFFICIAL ASSIGNEE, H.C.OF MADRAS — C.A. No. 105/1999

Case under Section XII-B. Status: Disposed.

Disposed

CNR: SCIN010077901998

Filing Date

08-May-1998

Registration No

C.A. No. 105/1999

Diary Number

7790/1998

Order Date

12-Jan-1999

Document Type

Judgment - of Main Case

Disposal Type

Dismissed

Last updated 03-Jun-2026

Acts & Sections

Section XII-B

Petitioner(s)

  1. 1.P. VEERASAMY

    Adv. P. B. SURESH (Dead / Retired / Elevated)

Respondent(s)

  1. 1.THE OFFICIAL ASSIGNEE, H.C.OF MADRAS

Case History

  1. Case disposedDisposed

  2. 12-Jan-1999

    Judgment - of Main CaseView PDF

  3. 08-May-1998

    Case filed

    Registration No. C.A. No. 105/1999

View Full Judgment
casestatus.in Summary

Case Summary: P. Veerasamy v. The Official Assignee, High Court of Madras Court Decision: The Supreme Court allowed the appeal and set aside the lower courts' dismissals, remitting the matter for fresh consideration. The Court held that an insolvent can be permitted to conduct business and retain income necessary for family support under Section 60(2) of the Presidency Towns Insolvency Act, 1909, rejecting the principle that after-acquired income automatically vests in the Official Assignee. The Court emphasized rehabilitation of honest insolvents while protecting against exploitation by dishonest debtors. This case analysis is maintained by casestatus.in based on publicly available court records.

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