Bare ActsThe Maharashtra Debt Relief Act, 1975

Section 21

Restriction on amount of claim and interest in certain cases.

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

( 1 ) On the expiry of this Chapter, no claim arising out of any proceedings which are stayed under sub-section ( 1 ) of section 15 or out of any decree described in sub-section ( 1 ) of that section in respect of which no execution proceedings have been taken shall exceed the amount of the principal by more than one hundred fifty per cent of such amount. ( 2 ) No interest shall accrue on any amount included in any claim referred to in sub-section ( 1 ) during the period this Chapter is in operation.

Section 21 – The Maharashtra Debt Relief Act, 1975 | DailyLaw.ai