Bare ActsThe JAMMU AND KASHMIR DEBTORS RELIEF ACT, 1976

Section 4

Application for settlement between a debtor and his creditors

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

Application for settlement between a debtor and his creditors.––Within six months or such or such longer period as the Government may, by notification 224 DEBTORS RELIEF ACT, 1976 specify for a particular area, from the date on which a Board is established under section 3, a debtor or any of his creditors shall apply to the Board appointed for the area in which a debtor resides or holds any land to effect settlement between the debtor and his creditors : Provided that in case of a debtor or any of his creditors residing in the District of Ladakh ; in the sub-Division of Gurez, in Matchil illaqa of Tehsil Kupwara and Tehsil Karnah in the District of Baramulla ; in Tehsil Gool Gulabgarh ; in Niabat Panchari of Tehsil Udhampur ; in the territorial jurisdiction of the Police Station, Dudoo Basantgarh of Tehsil Ramnagar and in Thakra Kote and Nagote illaqas of Tehsil Reasi in the District of Udhampur ; in Tehsil Budhal in the District of Rajouri ; in Niabat Banni in the District of Kathua and in Marew, Wadwan and Paddar illaqas of Tehsil Kishtwar in the District of Doda ; application may be made within twice such period.

Section 4 – The JAMMU AND KASHMIR DEBTORS RELIEF ACT, 1976 | DailyLaw.ai