Section 20: Adjudication of bankruptcy where composition not accepted or approved

(1) Where a receiving order is made against a debtor then, if the creditors at the first meeting or any adjournment thereof by ordinary resolution resolve that the debtor be adjudged bankrupt, or pass no resolution, or if the creditors do not meet or if a composition or scheme is not approved in pursuance of this Act within fourteen days after the conclusion of the examination of the debtor or such further time as the court may allow, the court shall adjudge the debtor bankrupt: and thereupon the property of the bankrupt shall become divisable among his creditors and shall vest in a trustee.
(2) Notice of every order adjudging a debtor bankrupt, stating the name, address and description of the bankrupt, the date of the adjudication and the name of the trustee, shall be published in the Federal Gazette and shall be advertised in at least two newspapers, or as may be prescribed, and the date of the order shall, for the purposes of this Act, be the date of the adjudication.
(3) It shall be sufficient that an adjudication order against a firm be made in the firm's name without mentioning the names of the partners, and such adjudication order shall affect the joint and separate property of all the partners.