adjudication orderthe court may adjudge the

Question

Adjudication order

The court may adjudge the debtor bankrupt on the application of the O.R. or any creditor in the following cases:

If the creditors so resolve at their first meeting, or pass no resolution, or do not meet at all;

1. If a composition or scheme is not approved within 14 days after the conclusion of the public examination, or such further time as the court may allow;
2. If the debtor applies to be made bankrupt;
3. If there is no quorum at the first meeting of the creditors;
4. If the debtor has absconded or does not intend to propose a composition or scheme;
5. If the public examination is adjourned sine die;
6. If the debtor fails without reasonable cause to submit his statement of affairs;
7. If a composition or scheme is annulled by the court.