Certain debts and liabilities not to be affected

Nothing in this Act shall affect the following categories of debts and liabilities of small farmers, landless agricultural labourers and weaker sections of the people, namely:- (a) any rent due in respect of any property let out to such debtor; (b) any amount due under a hire purchase agreement; (c) any amount recoverable as arrears of land revenue; (d) any liability arising out of breach of trust or any tortuous liability; (e) any liability in respect of wages or remuneration due as salary or otherwise for services rendered; (f) any liability in respect of maintenance whether under a decree of a court or otherwise; (g) a debt due to,- (i) the Central Government or any State Government ; (ii) any local authority; (iii) a credit agency as defined in the Karnataka Agricultural Credit Operations and Miscellaneous Provisions Act, 1974( Karnataka Act No. 2 of 1975); (iv) any Government company within the meaning of the Companies Act, 1956; (v) the Life Insurance Corporation of India; (vi) a Co-operative Society; and (h) any debt which represents the price of goods purchased by such debtor.

1. (a) any rent due in respect of any property let out to such debtor;
2. (b) any amount due under a hire purchase agreement;
3. (c) any amount recoverable as arrears of land revenue;
4. (d) any liability arising out of breach of trust or any tortuous liability;
5. (e) any liability in respect of wages or remuneration due as salary or otherwise for services rendered;
6. (f) any liability in respect of maintenance whether under a decree of a court or otherwise;
7. (g) a debt due to,-
   • (i) the Central Government or any State Government ;
   • (ii) any local authority;
   • (iii) a credit agency as defined in the Karnataka Agricultural Credit Operations and Miscellaneous Provisions Act, 1974( Karnataka Act No. 2 of 1975);
   • (iv) any Government company within the meaning of the Companies Act, 1956;
   • (v) the Life Insurance Corporation of India;
   • (vi) a Co-operative Society; and
8. (h) any debt which represents the price of goods purchased by such debtor.