Bare Act
The Goa Debt Relief Act, 1980
Finance198030 sections6 chapters
This law provides financial relief to specific vulnerable groups in Goa, Daman, and Diu who are struggling with debt. It targets agricultural labourers, rural artisans, and small or marginal farmers. By offering this assistance, the government aims to help these populations manage their financial burdens, prevent economic distress, and improve their stability within the territory. The legislation establishes a framework to address the specific challenges faced by these rural workers and cultivators by providing mechanisms to reduce or restructure their outstanding liabilities.
Chapter I Chapter I →
Chapter II Chapter II →
Chapter III Chapter III →
Chapter IV Chapter IV →
Chapter V Chapter V →
- 10Application for settlement of debt.
- 11Assignee from non-debtor not entitled to benefit of this Act.
- 12Consolidation of applications.
- 13Service of notice on debtors and creditors to submit statement of debts.
- 14Debts in respect of which no application for settlement is made to be void.
- 15Power of Board to effect settlement and decide disputes as to existence or amount of debt or assets
- 16Mode of taking accounts.
- 17Fraudulent alienations or encumbrances void.
- 18Board’s duty to determine paying capacity.
- 19Maximum amount allowable in repayment of a debt.
- 20Appeal from orders of Board.
Chapter VI Chapter VI →
PDF: pending for this language.