Vidhi Codex

Bare Act

The Punjab Debtors' Protection Act, 1936

Finance193612 sections

The Punjab Debtors' Protection Act, 1936, serves as a protective shield for debtors, particularly those involved in agriculture, against exploitative lending practices. It restricts the power of creditors to seize essential assets like ancestral property, standing crops, and trees to satisfy debts. The Act mandates that money-lenders bear the burden of proving that a loan was actually provided, preventing fraudulent claims. It also empowers courts to allow debt repayment in manageable instalments and prohibits lenders from charging unauthorized fees. Essentially, it balances the rights of creditors with the survival needs of debtors, ensuring that debt recovery does not lead to total destitution.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Definitions
  3. 3. Definitions
  4. 4. Temporary alienation of land in execution of decree for the payment of money
  5. 5. Partial exemption of land
  6. 6. Collector and Commissioner deemed to be acting judicially
  7. 7. Limitation for appeals
  8. 8. Rules to be made after previous publication
  9. 9. Exemption of ancestral property from liability
  10. 10. Exemption of standing crops and trees from attachment or sale
  11. 11. Execution barred in certain cases
  12. 12. Burden of proof of consideration

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