section 5
Remission of interest.
The Meghalaya Rural Indebtedness Relief Act, 1975Finance19755 sections
Statutory text
A debtor shall not be liable to pay interest upon any loan during the period for which no suit or proceeding could be instituted or application made for recovery of the loan or for execution of a decree in relation thereto or for which a suit, application or proceeding for recovery of the loan was stayed.
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