Official Assignee vs Mr. S.Shanmugam on 8 September, 2016
10. The learned counsel appearing for the Official Assignee would
also draw my attention to the judgment of the Division Bench of this
Court in Shah Sukraj v. The Official Assignee, Madras, reported in
9/23
https://www.mhc.tn.gov.in/judis/
Appl.Nos.27, 28, 29 and 30 of 2021
in IP No.8 of 2019
Vol 91 LW 118, wherein the Division Bench after referring to the judgment
of the Hon’ble Supreme Court in Rm.NL. Ramaswami Chettiar and Others
v. The Official Receiver, Ramanathapuram, reported in AIR 1960 SC 70,
had held that once a debtor is found to have committed an act of insolvency
under Section 9(1)(b) of the Act, the very transfer which constituted the act
of insolvency need not be separately adjudicated upon as coming within the
scope of Section 55 of the Act and the fact of adjudication itself would
invalidate the transfer. While doing so, the Division Bench observed as
follows: