Bare ActsThe Tamil Nadu Agriculturists Relief Act, 1938

Section 21

'[(I)] Nothing contained in this Act shall apply lgo8* cations in to the debts payable by any person who has been ins

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

'[(I)] Nothing contained in this Act shall apply lgo8* cations in to the debts payable by any person who has been insolvency. djudicated an insolvent, if prior to the 2[publication of the Tamil Nadu Agriculturists Relief (Amendment) Act, 1972, in the Tamil Nadu Government Gazette], a dividend has been declared out of his assets. '[(2) If a dividend has not been so declared, the Court shall, on application made by the insolvent debtor, the Official Assignee or Official Receiver in whom the property of such debtor has vested, or any otlrcr person inlcrested, ttpply the provisions of this Act to the dcbts payable by the insolvent debtor if he would llave been an agriculturist within the meairing of this Act but for his adjudication in insolvency. (3) If the application aforesaid is not made by the Official Assignee or Official Receiver, he shall be impleadcd as a party tkereto.1 - - -- -- - - - --- 4 The lil st asntcncc ol' originill section 21 was renumbered as sub-~~ctro~l ( I ) of sectioll ?1 and sub-sections 2) and (3) were I 5"btituted Ibr the seco~itl sentcnce by section 1 of the Tamil Nadu Agl.lculturists Kellcf (An~enpment) Act, 1948 (Tamil Nadu ~ c t XXlll of 1948). 2 This expression substituted for tho expmion " coming *" into force of this Act by section 17 of the Tamil Nadu A@- culturists Relief (Amendment) Act, 1972 (Tamil Nadu Act 8 off r. 1973).

Section 21 – The Tamil Nadu Agriculturists Relief Act, 1938 | DailyLaw.ai