section 31
Deposit in Court
The Punjab Relief of Indebtedness Act, 1934Finance193440 sections8 chapters
Part VI Part VI
Statutory text
Deposit in Court
- (1) Any person who owes money may at any time deposit in court a sum of money in full or part payment to his creditor.
- (2) The court on receipt of such deposit shall give notice thereof to the creditor and shall, on his application, pay the sum to him.
- (3) From the date of such deposit interest shall cease to run on the sum so deposited.
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