Amendment status not verified — confirm the current text below against the official source.
Nothing in this 'Act shall affect d.ebts and liabilities Certain debts of any indebted person falling under the following heads:- and liabilities not to he -- - - - (a) m y revenue, tax or cess payable to the State affected. Government cr ar~y other sum due to them by way of loan or otherwise; (b) ally revenue, tax or cess payable to the Central aovernment or any other sum due to them, by way of loan c;r otherwise; 125-10-33~ 516 Indebted Persons ( ~ e r n ~ o r a r ~ ' 11975: T.N. Act 46 Relief) (c) any tax 01 cess payable to any local authority or any other sum due to it, by way of loan or otherwise; (dj any liability in respec~ cf any sum due LO any co-operative society i~lcluding a laud de~elopment bank reg~slered or deemed to be r:gistered under the Tamil ~ a t t l ; Cc; .sperative Societies Act, 1961 (Tamil ~ a d u Act 53 if 1961): Provided ha. where the liability mentioned in this clause arises by reasons of an assigrment to any such co-operative society either iuc11 assignxnt has taktr place before the 15th Mdrch I975 or is aiq assignment to eny such GO-opsrative society of l ~ e n granted by another such co-operative society; I (e) ally liability arising out of breach of trust ; (j) any liability in respect of maintenance whether under a decree of Court or otherwise; (g) any liability ill respect of wages or remuneration due as salary or otherwise for services rendered ; (h) any liability in respect of any sum due to- (A) any Public Company as defined in the Con- panies Act, 1955 (Central Act 1 cf 1956) ; (B) ally bankinq company to which the Ranking K2gulaticn Act, 1949 (Central Act X of 1949) applies ; (C> the State Bank cf India constituted under the SfateJBan~ of India Act, 1955 (Central Act ~ ~ 1 1 1 of 1955); (D) any subsidiary bank as defined in cluase (k) of sectioi~ 2 of the State Bank of India (Subsidizly Banks) Act, 1959 (Central Act 38 of 1959); I (E) any corresponding uew bbnk as defined In clause (d) of sectior. 2 of the Banking Companies (Acqui- sition and Transfer of Undertakings) Act, 1970 (Central Act 5 uf 1970); 1 (F) any company or corporati: n owned or con- trolled by the Central C)cvt.rnment or any State Gcvernr ment ; I 1975 : T. N. Act 481 Indebted PersoNs Temporary( Relief) 51 4 (G) the Committee for the Administration of the amalgamated Tamil Nadu Shares of the Post War Ser- vices Reconstruction Fund and Special Fund for Re- construction and Rehabilitation of Ex-servicemen ; (H) any other financial institution notified by the State Government in the Tamil Nad~l Government Gazette.