Sec 24(2) - Provisions relating to property in possession of insolvent after sequestration.

24.  Provisions relating to property in possession of insolvent after sequestration.— 

(2)  Whenever  an  insolvent  has  acquired  the  possession  of  any  property,  such property shall, if claimed by the trustee of the insolvent’s estate, be deemed to belong to that  estate  unless the contrary is proved; but if a person who became  the  creditor  of  the  insolvent  after  the  sequestration  of  his  estate, alleges (whether against the trustee or against the insolvent) that any such property does not belong to the said estate and claims any right thereto, the property shall be deemed not to belong to the estate, unless the contrary is proved.

 

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