Vidhi Codex

The Karnataka Debt Relief Act, 1976

The Karnataka Debt Relief Act, 1976

Finance197611 sections

This Karnataka law provides relief to small farmers, landless agricultural laborers, and people in weaker sections by discharging their debts incurred before a specific date. It stops civil courts from taking legal action to recover these debts and releases people currently in prison for debt. The legislation also returns any property pledged by the debtor. Its purpose is to help these vulnerable groups escape financial burdens and aligns with the state's policy to support the poor and marginalized.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title, extent and commencement
  3. 2. Declaration
  4. 3. India.
  5. 4. Relief from indebtedness
  6. 5. Creditors to file statement, etc
  7. 6. Penalty
  8. 7. Burden of proof
  9. 8. Certain debts and liabilities not to be affected
  10. 9. Power to make rules.- The State Government may, by notification in the official
  11. 10. Repeal of Karnataka Ordinance Nos. 15 of 1975 , 19 of 1975 and 21 of 1975.-

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