Bare ActsThe Indian Contract Act, 1872

Section 60

Application of payment where debt to be discharged is not indicated.

Amendment status not verified — confirm the current text below against the official source.

Where the debtor has omitted to intimate and there are no other circumstances indicating to which debt the payment is to be applied, the creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, whether its recovery is or is not barred by the law in force for the time being as to the limitation of suits.

Amended up to 2018-12-17View on India Code →
Section 60 – The Indian Contract Act, 1872 | DailyLaw.ai