Power of the Forum to adjudicate.

(1) If a creditor or a debtor, as the case may be, challenges the genuineness or enforceability or the total amount of debt or principal or rate of interest or amount of interest or date of raising of any debt included in an application, the Forum shall adjudicate upon the issue. (2) The Forum shall determine in the case of each debt, shown in the application made by the debtor or his creditor under section 9 or in the statement furnished by the creditor under section 12, other than a debt, declared non-genuine or unenforceable, the principal amount originally advanced, the amount paid by the debtor towards the principal or interest or both and the amount of principal and interest payable as notified under this Act. (3) The Forum shall decide every application submitted under section 9 within a period of three months from the date of application. (4) Where the debtor is found to have repaid to the creditor an amount equal to, or exceeding, double the principal amount, or the debtor on being apprised of such finding, pays the amount, which makes the total repayment equal to double the amount of principal, the Forum shall declare the debt fully discharged and thereupon the provisions of clause (b) of section 3, shall apply. (5) The Forum shall keeping in view the outstanding amount of Principal and interest as determined under sub-section (2), and the paying capacity of the debtor, order the repayment of the amount of debt, settled or determined in such installments as it may deem fit. (6) If the Forum finds that the provisions of the Punjab Regulation of Accounts, Act, 1930, have not been complied with by the creditor, it may, for the reasons to be recorded in writing disallow the interest partly or wholly for the period of non-compliance. The creditor shall issue a duly authenticated passbook to the debtor, clearly giving the details of his loan account.