The Travancore-Cochin Indebted Agriculturists Relief Act, 1956
The Travancore-Cochin Indebted Agriculturists Relief Act, 1956
The Travancore-Cochin Indebted Agriculturists Relief Act, 1956 provides financial relief to indebted farmers within the State of Travancore-Cochin. It applies to individual landholders and agricultural workers who fall below specified income and taxation thresholds, while excluding high earners, corporations, and government debts. The law temporarily halts civil court proceedings for debt recovery against eligible farmers and allows them to settle their outstanding principal and capped interest in ten equal half-yearly installments. By lowering interest rates and preventing immediate foreclosures or land seizures, this legislation safeguards rural livelihoods and offers struggling agricultural households a structured, manageable path out of debt.
- 0. Preamble
- 1. Short title) extent and cQmmencement
- 2. Definitions
- 3. Bar of suits and applications
- 4. Payment of debt in instalments
- 5. ProvtSwn for mterest
- 6. Dcpostt of debt mto Court
- 7. Appeals
- 8. Presumptton as to transfer of unmovable property of the debtor
- 9. Exclusion of time for lmtitation
- 10. Effect of payment or depomt under Section 4 01· Section 6
- 11. Power to make rules
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