Vidhi Codex

The Karnataka Debt Relief Act, 2018

The Karnataka Debt Relief Act, 2018

Finance201819 sections

This Karnataka legislation offers debt relief to landless agricultural laborers, weaker sections of society, and small farmers by discharging debts incurred before the Act’s commencement and halting legal proceedings against them in civil courts. It aims to protect these financially vulnerable groups from legal recovery suits, effectively cancelling outstanding liabilities. By providing this financial protection, the law seeks to support livelihoods in the agricultural sector and prevent the severe hardship often caused by overwhelming debts owed by ordinary rural residents.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title and commencement
  3. 2. Definitions.- In this Act, unless the context otherwise requires, -
  4. 3. Declaration
  5. 4. Relief from indebtedness
  6. 5. Creditors to file statement, etc.
  7. 6. Debtors to apply in certain cases.
  8. 7. Burden of proof, etc.
  9. 8. Legal practitioners not to appear
  10. 9. Penalty
  11. 10. Offences by Companies.
  12. 11. Certain debts and liabilities not to be affected
  13. 12. Procedure to be followed by the Debt Relief officer
  14. 13. Act to have overriding effect
  15. 14. Power of the Debt Relief officer to declare transfer purporting to be a sale to be in the nature of mortgage
  16. 15. Karnataka Debt Relief Act, 1980(Karnataka Act 29 of 1980).
  17. 16. Provided that no such order shall be made except after giving the person affected a reasonable opportunity of being heard.
  18. 17. Power to remove difficulties.
  19. 18. Power to make rules

PDF: pending for this language.