Bar to suits and applications for recovery of debt

Bar to suits and applications for recovery of debt

1. (1) No suit for the recovery of a debt shall lie against a debtor in any civil court, nor shall any application for execution of a decree for the recovery of a debt be made against a debtor in any civil court, for a period of one year from the date of the commencement of this Act.
2. (2) Notwithstanding anything contained in any law for the time being in force—
   • (a) every suit for the recovery of a debt against a debtor which is pending in any civil court shall stand stayed for a period of one year from the date of the commencement of this Act;
   • (b) every application for the execution of a decree for the recovery of a debt against a debtor which is pending in any civil court shall stand stayed for a period of one year from the date of the commencement of this Act;
   • (c) every attachment of any property of a debtor in execution of any decree for the recovery of a debt shall continue in force, but no sale of any such property shall take place during the period of stay mentioned in clause (b).
3. (3) In computing the period of limitation prescribed for any suit or application for the execution of a decree for the recovery of a debt, the time during which the suit or application is stayed under sub-section
4. (2) shall be excluded.