The Insolvency Act 24 of 1936 the trustee abandoning immovable property in insolvent estate and excluding such property from first and final liquidation and by i7Xox0

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									The Insolvency Act 24 of 1936 – the trustee abandoning immovable property

in insolvent estate and excluding such property from first and final liquidation

and distribution account – rehabilitated insolvent subsequently applying to

court for order revesting immovable property in him – immovable property

acquired by applicant prior to his sequestration – the Master, trustee and

creditor not opposing application – no express provision in the Insolvency Act,

24 of 1936 dealing with unique and unprecedented circumstances of

application – the discretion of the court.    Appropriate amendment to the

Insolvency Act 24 of 1936 is essential.

								
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