Section 14: Substitution of creditor
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
14. Substitution of creditor
(1) The Court may substitute another creditor for the creditor making the
petition for a bankruptcy order, where—
(a) the creditor making the petition has not proceeded with due diligence or at the hearing of the application offers no evidence;
and
(b) the debtor owes the other creditor 50,000 rupees or more.
(2) The other creditor shall, in that case, file another petition for a bankruptcy order, but may rely on the grounds of adjudication to which the first
petition related.