Power to direct payment of decretal amount by instalments.

The court may, at any time on the application of a judgment-debtor, after notice to the decree holder, direct that the amount of any degree passed against him, whether before or after this Act comes into force, in respect of a loan shall be paid in such number of instalments and subject to such conditions on the dates fixed by it as, having regard to the circumstances of the Judgement debtor and the amount of the decree, it considers fit. During the pendency of an inquiry under this section, the court may order the stay of execution of the decree, subject to such conditions as it may impose. Such order shall be deemed to have been passed under section 47 of the Code of Civil Procedure, 1908 (V of 1908)