Bare Act
The Tamil Nadu Indebted Agriculturists (Repayment of Debts) Act, 1955
The Tamil Nadu Indebted Agriculturists (Repayment of Debts) Act, 1955 provides debt relief to small-scale farmers across Tamil Nadu. It applies to individuals holding agricultural land who incurred personal debts prior to October 1953, while excluding wealthy landowners, corporations, and government or cooperative loans. The law temporarily bans creditors from filing debt recovery lawsuits or executing court decrees against eligible farmers. Additionally, it allows debtors to repay outstanding loans through structured annual instalments over several years. This legislation matters because it safeguards vulnerable agricultural households from aggressive debt recovery, land loss, and court enforcement, offering them a manageable pathway to financial recovery.
- 1. Short title, extent and commencement.
- 2. Definitions.
- 3. Bar of suits and applications.
- 4. Payment of debt in instalments.
- 5. Deposits of debt.
- 6. Appeals.
- 7. Presumption as to transfer of immovable property of the debtor.
- 8. Exclusion of time for limitation.
- 9. Effect of payment or deposit under section 4 or section 5.
- 10. Power to make rules.
PDF: pending for this language.