Vidhi Codex

Bare Act

The Tamil Nadu Indebted Persons (Temporary Relief) Act, 1975

General197513 sections

The Tamil Nadu Indebted Persons (Temporary Relief) Act, 1975 provides temporary relief to non-wealthy individual debtors in Tamil Nadu by temporarily halting debt recovery proceedings. It applies to individuals and joint Hindu families owing debts, while excluding high-income taxpayers, corporations, agriculturists covered by dedicated laws, and government or bank loans. The Act temporarily bars courts from accepting new debt recovery suits and stays pending execution proceedings until January 16, 1976. Furthermore, it halts the accrual of interest on pre-existing debts during this window, offering essential breathing room to vulnerable debtors facing legal actions and financial distress.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement.
  2. 2. Definitions.
  3. 3. Certain debts and liabilities not to be affected.
  4. 4. Bar of suits and application.
  5. 5. Stay of proceedings.
  6. 6. Exclusion of time for limitation.
  7. 7. Effect of transfer of immovable property by an indebted person.
  8. 8. Interest not to accrue in respect of certain debts.
  9. 9. Act to override other laws, contracts, etc.
  10. 10. Power to make rules.
  11. 11. Amendment of Tamil Nadu Act XXIII of 1943
  12. 12. Amendment of Tamil Nadu Act 10 of 1975
  13. 13. Repeal

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