The Rajasthan Scheduled Debtors (Liquidation of Indebtedness) Act, 1976
The Rajasthan Scheduled Debtors (Liquidation of Indebtedness) Act, 1976
The Rajasthan Scheduled Debtors Act of 1976 regulates and permanently erases private loans and mortgages for vulnerable rural populations in Rajasthan. It applies to scheduled debtors, defined as low-income agricultural laborers, rural artisans, and marginal farmers. The law matters because it seeks to end economic exploitation by completely discharging pre-existing private debts, releasing debtors from civil prison, and returning mortgaged properties. It prohibits courts from enforcing these debts and penalizes creditors who try to collect them. However, this relief does not apply to debts owed to banks, cooperative societies, or the government.
- 1. Short title, extent and comaircemenit.
- 2. Definitions
- 3. Inapplicability of the Act to certain debts and liabilities.
- 4. Liquidation of debts of the scheduled debtor
- 5. Power to issue certificate
- 6. Presumption and burden of proof
- 7. Property of scheduled debtor to be freed from mortgaged, etc
- 8. Resumption land disposal of stayed proceedings
- 9. Creditors not to accept payment against extinguished debts.
- 10. Power to make rules.
PDF: pending for this language.