Vidhi Codex

The Karnataka Public Moneys (Recovery of Dues) Act, 1979

The Karnataka Public Moneys (Recovery of Dues) Act, 1979

General19797 sections

This state Act regulates the recovery of unpaid public funds, including loans, grants, and credit provided by the Karnataka government, state corporations, government companies, or banks under government programs. It applies to individuals or businesses who default on their financial agreements. This legislation matters because it bypasses slow civil court litigation, allowing authorities to quickly recover these debts as arrears of land revenue. Under this process, designated officials can obtain recovery certificates to seize and sell debtor assets. Ultimately, this safeguards valuable public taxpayer money and ensures that funds meant for public welfare, agriculture, and industrial growth are successfully recovered.

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. Government under which a banking company advances money to any person by way of loan.
  5. 4. Savings.- (1) Nothing in section 3 shall,-
  6. 5. Power to make rules
  7. 6. Repeal and validation, etc

PDF: pending for this language.