Bare ActsThe UTTAR PRADESH MUNICIPAL CORPORATION ACT, 1959

Section 168

Discharge in certain cases

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

168. When a duplicate debenture has been issued under section 165 or when a renewed debenture has been issued under section 166 or when the principal sum due on a debenture in respect of which an order has been made under section 165 for the payment of the principal sum without he issue of a duplicate debenture has been paid on or after the date on which such payment because due the 1 [Corporation] shall be discharged from all liability in respect of the debenture in place of which a duplicate or renewed debenture in place of which a duplicate or renewed debenture has been so issued or in respect of which such payment has been made, as the case may be — (a) in the case of a duplicate debenture, after the lapse of six years from the date of the publication of the notification referred to in sub-section (3) of section 165 or from the date of the last payment of interest on the original debenture, whichever date is later ; (b) in the case of a renewed debenture after the lapse of six years from the date of the issue thereof, and (c) in the case of payment of the principal sum without the issue of a duplicate debenture, after the lapse of six years from the date of the publication of the notification referred to in sub-section (2) of section 165.

Section 168 – The UTTAR PRADESH MUNICIPAL CORPORATION ACT, 1959 | DailyLaw.ai