The Tamil Nadu Indebted Persons (Temporary Relief) Act, 1975
tamil-nadu · 1975
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1(1) This Act may be called the Tamil Nadu Indebted short title, Persons (Temporary Relief) Act, 1975
- S. 2In this Act, unless the context otherwise requires,- Definition
- S. 3Nothing in this 'Act shall affect d
- S. 4Section 4 bars suits and execution applications for debt recovery against indebted persons from the Act's commencement until January 16, 1976.
- S. 5(1) All further proceedings in suits and applications Stay of of the nature mentioned in section 4 in which relief is ~
- S. 6Section excludes time barred by section 4 or good faith belief in section 4 from limitation period for debt recovery suits.
- S. 7Section presumes transfers of property by indebted persons before 1976 to have been made to defeat creditors unless proven otherwise.
- S. 8Section 8 halts interest accrual on debts owed as of July 22, 1975, except for new debts incurred thereafter.
- S. 9Section 9 ensures the Act's provisions override any conflicting laws or contracts.
- S. 10(1) The State Government may make rules to make rules, carry out the purposes of this Act
- S. 11Section 11 amends the Tamil Nadu Pawnbrokers Act, 1943, to provide temporary relief to indebted persons.
- S. 12Section 12 amends the principal act to provide temporary relief to indebted agriculturists in Tamil Nadu.
- S. 13Repeals the Tamil Nadu Indebted Persons (Temporary Relief) Ordinance, 1975 and its amendment.