section 12
Notice calling upon the creditor to submit statement.
The Punjab Settlement of Agricultural Indebtedness Act, 2016(1) On the date fixed under sub-section (1) of section 11, the Forum shall issue notice to the creditor of the debtor to submit a statement of debt owed to such creditor by the debtor, Such statement shall be submitted to the Forum in-writing giving details of every transaction of debit and credit in the account of the debtor within a Period of two weeks alongwith the copies of documents to be relied upon in Support of his claim: Provided that the Forum may extend this period up to one month for submission. (2) The debtor or every debt owed to two or more creditors jointly, of which such statements or statements signed by all such creditors or their recognized agents has or have not been so submitted, shall be deemed to be duly discharged for all purposes and all occasions against such creditor, and every debt owed to two or more creditors jointly, of which such statements or statements signed by all such creditors or their recognized agents has or have not been so submitted, shall be deemed to be so discharged against such creditors as have failed to submit the said statement, but only to the extent of their respective shares in the said debt: Provided that no such debt shall be deemed to have been discharged against any creditor whose name has not been included in the application made under section 9. (3) If a debtor or a creditor fails to appear before the Forum without sufficient cause after due service, the Forum shall proceed ex-parte to determine and settle the debt.
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