Punjab Relief of Indebtedness Act, 1934

{
    "id": 27073,
    "slug": "punjab-relief-of-indebtedness-act-1934",
    "title": "Punjab Relief of Indebtedness Act, 1934",
    "short_title": "Punjab Relief of Indebtedness Act, 1934",
    "act_number": "Punjab Act No. 7 of 1934",
    "act_year": 1934,
    "act_type": "STATE",
    "location": "Delhi",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "Punjab Relief of Indebtedness Act, 1934",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title, extend and commencement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Interpretation clause (definitions).",
            "chapter": null,
            "content": "(1) \"Court\" or \"Civil Court\" includes a Court of insolvency, a receiver appointed under the Provincial Insolvency Act, 1920, and an arbitrator appointed with the consent of the parties or by an order of a Court;\n(2) \"Interest\" means rate of interest and includes the return to be made over and above what was actually lent whether the same is charged or sought to be recovered specifically by way of interest or otherwise ;\n(3) \"Loan\" means a loan whether or money or in kind, and includes any transaction which is, in the opinion of the Court, in substance a loan.\nPart II\nInsolvency Procedure",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "10",
            "title": "3. Amendment of Section 10 of the Provincial Insolvency Act, 1920.",
            "chapter": null,
            "content": "\"(aa) his debts amount to two hundred and fifty rupees, and he satisfies the court that he is entitled to summary administration of his estate under Section 74 of this Act; or\"",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        },
        {
            "number": "74",
            "title": "4. Amendment of Section 74 of the Provincial Insolvency Act, 1920.",
            "chapter": null,
            "content": "Part III\nUsurious Loan",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. Amendment of the Usurious Loans Act, 1918.",
            "chapter": null,
            "content": "(i) for the word \"and\" in clause (a) of sub-section (1) the words \"or\" shall be submitted';\n(ii) for the word \"may\" where it appears for the first time in sub-section (1) of the words \"shall\" shall be substituted ;\n(iii) for the word \"may\" after the word \"namely\" in sub-section (1) the word \"shall\" be substituted ;\n(iv) to sub-section (2) the following clause shall be added namely:-\n(e) The Court shall deem interest to be excessive if it exceeds seven and-a-half per centum per annum simple interest or is more than two per centum over the bank rate, whichever is higher at the time of taking the loan, in the case of secured loans, or twelve and-a-half per centum per annum simple interest in the case of unsecured loans :",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Retrospective effect.",
            "chapter": null,
            "content": "Part IV\nDebt Conciliation Boards",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "7",
            "title": "7. Interpretation clause (definitions).",
            "chapter": null,
            "content": "(i) who both earns his livelihood mainly by agriculture, and is either a landowner, or tenant of agricultural land, or a servant of a landowner, or of a tenant of agricultural land, or\n(ii) who earns his livelihood as a village menial paid in cash or kind for work connected with agricultural; or\n(iii) whose total assets do not exceed five thousand rupees :\n(ii) A debtor shall not lose his status as such by reason of the fact that he makes income by using his plough cattle for purposes of transport.\n(iii) A debtor shall not lose his status as such only because he does not cultivate with his own hands.",
            "footnote": "",
            "is_definition": true,
            "sort_order": 6
        },
        {
            "number": "8",
            "title": "8. Setting up of Debt Conciliation Board.",
            "chapter": null,
            "content": "(b) The Chief Commissioner shall define the local limits of the area in which a board shall have jurisdiction.\n(c) The Chief Commissioner shall determine the pecuniary limits of the jurisdiction of the board, provided that no board shall have jurisdiction to make a settlement between a debtor and his creditor if the total debts of the debtor exceed Rs. 10,000 or such large amount as the Chief Commissioner may prescribe for any area.\n(d) Such board shall consist of a Chairman and one or more members to be appointed by the Chief Commissioner:\n(e) The Chairman and every member of a board so established shall be appointed for a term not exceeding three years, but shall be eligible by for reappointment on the expiry of his term.\n(f) The quorum of a board shall be prescribed by the Chief Commissioner.\n(g) Where the Chairman and Members of a board are not unanimous, the opinion of the majority shall prevail, and, if the board is equally divided, the Chairman shall exercise a casting vote.\n(a) the establishment of a board and the appointment of its members ; and the board shall be deemed to have been established and its members appointed from the date specified in such notification or notifications\n(b) the cancellation of the appointment of any member of a board ; and from the date specified in such notification the member shall cease to be a member of the board ;\n(c) the dissolution of a board ; and from the date specified in such notification the board shall cease to exist.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "9",
            "title": "9. Application for settlement between a debtor and his creditors.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 8
        },
        {
            "number": "10",
            "title": "10. Verification of application.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 9
        },
        {
            "number": "11",
            "title": "11. Particulars to be stated in application.",
            "chapter": null,
            "content": "(a) the place where he resides or holds lands ;\n(b) the particulars of all claims against him together with names and residences of his creditors ;\n(c) the particulars of all his property, together with a specification of the value of such property and the place or places at which any such property is to be found ;\n(d) a statements that he is unable to pay his debts, and that they do not exceed the prescribed amount;\n(e) A statement whether he has previously filed an application in respect of the same debt before the same or another board, and if so, with what result.\n(a) the place where the debtor resides or holds land;\n(b) the amount and particulars of his claim against such debtor;\n(c) a statement that the debtor is unable to pay his debts,",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "12",
            "title": "12. Procedure on receipt of application.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 11
        },
        {
            "number": "13",
            "title": "13. Notice calling upon creditors to submit statements of debts.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 12
        },
        {
            "number": "14",
            "title": "14. Procedure on submission of statement of debts.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 13
        },
        {
            "number": "15",
            "title": "15. Board to attempt amicable settlement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 14
        },
        {
            "number": "15A",
            "title": "15A. Power of Board to adjudicate on genuineness or enforceability of debts.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 15
        },
        {
            "number": "16",
            "title": "16. Power of Board to require attendance of persons and production of documents and to receive evidence.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 16
        },
        {
            "number": "17",
            "title": "17. Registration and effect of agreement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 17
        },
        {
            "number": "18",
            "title": "18. Dismissal of application in default.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 18
        },
        {
            "number": "19",
            "title": "19. Bar to successive applications.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 19
        },
        {
            "number": "20",
            "title": "20. Grant of certificate by board in respect of debts.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "20A",
            "title": "20A. Decision of board to be final.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 21
        },
        {
            "number": "21",
            "title": "21. Bar of civil suits.",
            "chapter": null,
            "content": "(a) any suit appeal or application for revision-\n(i) to question the validity of any procedure or the legality of any order or agreement made or certificate issued under this Act, or\n(ii) to recover any debt recorded as wholly or partly payable under an agreement made in accordance with Section 17 from any person who, as a debtor, was partly to such agreement, or\n(iii) to recovery any debt which has been deemed to have been duly discharged under the provisions of this Act.\n(b) any application to execute a decree the execution of which is suspended under sub-section (3) or (4) of Section 20.\n(c) 4ny suit for a declaration or any suit or application for injunction, affecting any proceedings under this Act before a board.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 22
        },
        {
            "number": "22",
            "title": "22. Bar of appeal or revision.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 23
        },
        {
            "number": "23",
            "title": "23. Power of Board to review its order.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 24
        },
        {
            "number": "24",
            "title": "24. Appearance of party before board by agent or by legal practitioner.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 25
        },
        {
            "number": "25",
            "title": "25. Bar to new suits and application and suspension of pending suits and applications.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 26
        },
        {
            "number": "26",
            "title": "26. Extension of limitation.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 27
        },
        {
            "number": "27",
            "title": "27. Members of boards deemed to be public servants.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 28
        },
        {
            "number": "28",
            "title": "28. Power to make rules.",
            "chapter": null,
            "content": "(a) prescribing the amount of debt for the purposes of Section 8(1)(c);\n(b) prescribing the quorum for and regulating the procedure before a board;\n(c) prescribing the charges to be made by a board for anything done under this Act and the persons by whom, and the manner in which such charges shall be paid ;\n(d) prescribing the records to be kept and the returns to be made by a board ;\n(e) prescribing the allowances to be paid to members of a board ;\n(ee) prescribing the particulars of debts under sub-section (1) of Section 14;\n(f) prescribing the place at which and the manner in which an agreement shall be registered ;\n(g) prescribing the form of certificate to be granted under sub-section (1) of Section 20 ; and\n(h) generally, for the purpose of carrying into effect, the provisions of this part of this Act.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 29
        },
        {
            "number": "29",
            "title": "29. Penalty for breach of the rules.",
            "chapter": null,
            "content": "Part V\nDamdupat",
            "footnote": "",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "30",
            "title": "30. Damdupat.",
            "chapter": null,
            "content": "Part VI\nDeposit in Court",
            "footnote": "",
            "is_definition": false,
            "sort_order": 31
        },
        {
            "number": "31",
            "title": "31. Deposit in Court.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 32
        },
        {
            "number": "32",
            "title": "32. Power of Chief Commissioner to make rules.",
            "chapter": null,
            "content": "(a) for determining the court into which the sum shall be deposited ;\n(b) the procedure for keeping accounts of such deposits and the manner in which notices are to be served on creditors and payments made to them ;\nPart VII\nRedemption of Mortgages",
            "footnote": "",
            "is_definition": false,
            "sort_order": 33
        },
        {
            "number": "33",
            "title": "33. Amendment of Section l(3)(a) of the Redemption of Mortgages (Punjab) Act, 1913.",
            "chapter": null,
            "content": "Part VIII\nMiscellaneous Amendments of the Civil Law",
            "footnote": "",
            "is_definition": false,
            "sort_order": 34
        },
        {
            "number": "34",
            "title": "34. Immunity from arrest.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 35
        },
        {
            "number": "60",
            "title": "35. Amendment of Section 60 of the Code of Civil Procedure, 1908.",
            "chapter": null,
            "content": "(a) in sub-section (1) in the proviso-\n(i) in clause (c), for the words \"occupied by him\", the following words shall be deemed to be substituted, namely-\n(ii) under clause (c), the following clauses shall be deemed to be inserted, namely:-\n(cc) Milch animals, whether in milk or in calf, kids, animals used for the purposes of transport or drought cart and open spaces or enclosures belonging to an agriculturist and required for use in case of need for trying cattle, parking carts, or stacking fodder or manure;\n(ccc) one main residential house and other buildings attached to it (with the material and the sites thereof and the land immediately appurtenant thereto and necessary for their enjoyment) belonging to a judgement-debtor other than an agriculturist and occupied by him :\n(b) after sub-section (2), the following sub-sections shall be deemed to be inserted, namely.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 36
        },
        {
            "number": "2",
            "title": "36. Amendment of Order XXI, Rule 2 of the Code of Civil Procedure, 1908.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 37
        },
        {
            "number": "37",
            "title": "37. Penalty for false claim of a principal sum.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 38
        },
        {
            "number": "38",
            "title": "38. Penalty for use of documents, containing false entries.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 39
        }
    ],
    "metadata": {
        "Act ID": "dl157",
        "Act Number": "Punjab Act No. 7 of 1934",
        "Enactment Date": "",
        "Act Year": "1934",
        "Short Title": "Punjab Relief of Indebtedness Act, 1934",
        "Type": "UNION_TERRITORY",
        "Location": "Delhi"
    },
    "updated_at": "2026-09-29 21:55:22"
}