The Gujarat Rural Debtors' Relief Act, 1976

The Gujarat Rural Debtors' Relief Act, 1976

Finance197631 sections

0. Preamble

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1. Short title, extent and commencement

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2. Definitions

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3. Discharge or reduction of debt

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4. Right of debtor to refund of amount paid in excess of twice the principal before the appointed day.

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5. Appointment of debt settlement officers.

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6. Duty of debtors and creditors to furnish particulars of debt, etc. to local authority.

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7. Preparation and publication of statement of debts, etc. by local authority.

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8. Application by debtor or creditor for inquiry and power of debt settlement officer to inquire.

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9. Payment of debt

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10. Postponement of payment of instalment in case of remissions, etc.

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11. Bar of civil suits and proceedings in courts

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12. Decision as to status of a debtor of nature or liability, etc.

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13. Appeal

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14. Prohibition against disposal of pledged property

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15. Power of debt settlement officer to enforce delivery of possession of property of debtor

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16. Creditor required to pay value of pledged or mortgaged property in certain cases

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17. Offences

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18. Powers of debt settlement officers in inquiries

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19. Protection of action taken in good faith

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20. Inquiries and proceedings to be judicial proceedings

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21. Powers of entry, search and seizure

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22. Pleaders, etc., excluded from appearance.

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23. Act to override other laws.

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24. Declaration that Act gives effect to certain directive principles.

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25. Application of Act to debts in kind.

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26. Offences by companies.

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27. Exempted debts.

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28. Power to make rules.

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29. Repeal of Guj. 15 of 1976.

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Schedule. Schedule

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PDF: pending for this language.

Schedule

Schedule