Bare ActsThe Maharashtra Debt Relief Act, 1975

Section 37

Court’s duty to determine particulars, value etc. of property.

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

After taking accounts under section 33, the Court shall in the manner hereinafter provided determine,- ( a ) the particulars of the property belonging to the debtor; (b) the value of the said property; ( c ) the particulars of any encumbrances on the said property; ( d ) in the case of a debtor who is a marginal farmer, small farmer or other agriculturist, the average annual gross value of the agricultural produce during the five years immediately preceding the date of application, in the prescribed manner; ( e ) in the case of a debtor, who is a worker, rural artisan or rural labourer, the average gross annual income during the five years immediately preceding the date of application, in the prescribed manner; ( f ) the paying capacity of the debtor.

Section 37 – The Maharashtra Debt Relief Act, 1975 | DailyLaw.ai