Amendment status not verified — confirm the current text below against the official source.
Nothing in this Act shall affect any debt or other liabilities (including any liability to pay interest) of a debtor [or the small farmer]1 falling under any of the following heads; namely- - (a) any debt (including any tax, cess or fee) due to the Central Government, any State Government or a local authority (b) any debt due to a Government Company within the meaning of section 617 of the Companies Act, 1956 ; (c) any debt due to the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956, or any other corporations established by or under any law for the time being in force ; (d) any; debt due to--- (i) a banking company as defined in the Banking Regulation Act, 1949 ; (ii) the State Bank of India constituted under the State Bank of India Act, 1955; (iii) a subsidiary bank, as defined in the State Bank of India (Subsidiary Banks) Act, 1959 ; (iv) a corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970; (v) any banking institution notified by the Central Government under section 51 of the Banking Regulation Act, 1949; (vi) the Agricultural Refinance and Development Corporation constituted under the Agricultural Refinance and Development Corporation Act, 1963 ; (vii) the U. P. State Agro-Industrial Corporation Ltd., a company incorporated under the Companies Act, 1956 ; (viii) the Agricultural Finance Corporation Ltd., a corporation incorporated under the Companies Act, 1956; (ix) a Regional Rural Bank established under the Regional Rural Banks Act, 1976; and (x) any other financial institutions notified by the State Government as a bank for the purposes of this Act :