section 12
Restriction on amount of claim and interest in certain cases.-
The Himachal Pradesh Relief of Agricultural Indebtedness Act, 1976Finance197626 sections5 chapters
Chapter III MORATORIUM ON EXECUTION OF DECREES AGAINST SMALL FARMERS
Statutory text
- (1) On the expiry of one year or such extended period as may be notified under section 8 from the appointed day, no claim arising out of any proceeding,; which are stayed under sub-section (1) of section 5 or out of any decree described in sub-section (1) of that section in respect of which no execution proceedings have been taken shall ever exceed the amount of the principal by more than one hundred fifty percent, of such amount.
- (2) No interest shall accrue on any amount included in any claim referred to in sub-section (1) during the period this Chapter is in operation.
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