Amendment status not verified — confirm the current text below against the official source.
(1) Any liability incurred or arising under any chit, the bye-laws of which have been registered under the Tamil Nadu Chit Funds Act, 1961 (Tamil Nadu Act 24 of 1961), shall be deemed never to have been discharged, every suit or other proceedings (including appeal, revision, attachment or execution proceeding) pending at the commencement of the Tamil Nadu Debt Relief Act, 1976 (President's Act 3 1 of i976), (hereinafter referred to as the said Act) against any debtor for the recovery of any debt in respect of any such liability (including interest, if any) shall be deemed never to have abated, and everymortgage executed by the debtor in respect of such liability in favour I ' ifid : presidentis Act 461 bebt Belief taws 631 (Amendment) of the creditor shall be deemed never to have been redeemed and the mortgaged property shall, be deemcd never to have been released in favour of such debtor under section 4 of the said Act, and any suit for the recovery of any amount liable under the chit from any debtor and any application for the execution of a decree passed in any such suit may be instituted or made, as if the said Act as amended by section 4 of this Act was in force at the relevant time. (2) Every proceeding instituted under the provisions of the said Act, in respect of such liability as is referred to in sub-section (1) and pending before the Tahsildar or other authority on the date of publication of this .Act in the Tamil Nadu Government Gazette shall abate. (3) Nothing contained in this section shall be deemed to invalidate any proceeding in whtch the order passed has been executed or satisfied in full before the date of publication of this Act in the Tamil Nadu Government Ohzette. I 662 Debt Relief Law.: (Second 11977 : T.N, Act 1 Amendment) TAMIL NADU ACT NO. P OB' 1977. THE TAMIL NADU DEBT RELIEF LAWS (SIIC9ND AMENDMk NT) ACT, 19'17. f !?rce;ved the as:,ent oJ" the Trice-Presiitlent actizg trs Pre~i- dei~t or the 13th July 1977,ffirst published in the Tamil Nadu Gokerninent Gazette Extraordinary on the 13th July 1977 (Ani 29. Pinkula (2008-Tiruvnl1uvr;r Andu)).] An Act further to amend the Tamil Nadu Debt Relief Laws. BE it enacted by the Legislature of the State of Tamil Nadu in the Twenty-eighth Year of the Republic of India as follows :- Short title.