Certain debts and liabilities not to be affected.

Nothing in this Act shall affect debts and liabilities of any indebted person falling under the following heads:-(a) any revenue, tax or cess payable to the State Government or any other sum due to them by way of loan or otherwise; (b) any revenue, tax or cess payable to the Central Government or any other sum due to them, by way of loan or otherwise; (c) any tax or cess payable to any local authority or any other sum due to it, by way of loan or otherwise; (d) any liability in respect of any sum due to any co-operative society including a land development bank registered or deemed to be registered under the Tamil Nadu Co-operative Societies Act, 1961 (Tamil Nadu Act 53 of 1961): Provided that where the liability mentioned in this clause arises by reasons of an assignment to any such co-operative society either such assignment has taken place before the 15th March 1975 or is an assignment to any such co-operative society of loan granted by another such co-operative society; (e) any liability arising out of breach of trust ; (f) any liability in respect of maintenance whether under a decree of Court or otherwise; (g) any liability in respect of wages or remuneration due as salary or otherwise for services rendered ; (h) any liability in respect of any sum due to- (A) any Public Company as defined in the Companies Act, 1956 (Central Act 1 of 1956) ; (B) any banking company to which the Banking Regulation Act, 1949 (Central Act X of 1949) applies ; (C) the State Bank of India constituted under the State Bank of India Act, 1955 (Central Act 23 of 1955); (D) any subsidiary bank as defined in clause (k) of section 2 of the State Bank of India (Subsidiary Banks) Act, 1959 (Central Act 38 of 1959); (E) any corresponding new bank as defined in clause (d) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (Central Act 5 of 1970); (F) any company or corporation owned or controlled by the Central Government or any State Government ; (G) the Committee for the Administration of the amalgamated Tamil Nadu Shares of the Post War Services Reconstruction Fund and Special Fund for Reconstruction and Rehabilitation of Ex-servicemen ; (H) any other financial institution notified by the State Government in the Tamil Nadu Government Gazette.