The Puducherry Relief from Indebtedness Act, 1987
The Puducherry Relief from Indebtedness Act, 1987
Finance198712 sections
This law provides relief to debtors living in the Union territory of Puducherry who cannot repay their loans. It applies to ordinary citizens and excludes certain financial institutions, banks, and government entities from its scope. By defining what constitutes a debt and setting up a process to review household income against liabilities, the Act helps struggling families seek concession or annulment of their debts. This is important because it offers crucial financial protection to economically vulnerable people, allowing them to avoid chronic indebtedness and stabilize their livelihoods without predatory pressure from creditors.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Discharge of Debt
- 4. Reconveyance of property
- 5. Constitution of Tribunals
- 6. Appointment of appellate authorities
- 7. Powers of Tribunal and appellate authority
- 8. Legal practitioners not to appear before Tribunals and appellate authorities
- 9. Burden of proof
- 10. Bar of jurisdiction of Civil Courts
- 11. Act to override other laws, contracts, etc.
- 12. Power to make rules
PDF: pending for this language.