Application for payment towards debt and limit of time for execution of decree.(1) When any amount has been paid or recovered towards any debt referred to in section 4, the court, or the tribunal shall apply it in the order of, costs due under the decree (where the debt has ripened into a decree), then interest as recalculated under section 5 and then towards principal.

Finance200121 sections

Statutory text

(2) An order passed in pursuance of the provisions of section 4 shall be deemed to be a subsequent order of court within the meaning of article 136 of the Schedule to the Limitation Act, 1963.

Study data processing for this section.

PDF: pending for this language.