(1) (a) The State Government may for the purpose of settlement between debtors and their creditors establish Debt Conciliation Boards.
(b) The State Government shall define the local limits of the area in which a Board shall have jurisdiction.
(c) Such Board shall consist of a chairman and one or more members to be appointed by the State Government. Provided that no act done or proceeding taken by a Board under this Act shall be csalled into question on the ground merely of the existence of any vacancy in any Board.
1 Omitted by Haryana Act 8 of 1991.
2 Substituted by Haryana Act 8 of 1991 and further substituted by Haryana Act 22 of 2004.
3 Omitted by Haryana Act 15 of 1993.
4 Substituted by Haryana Act 8 of 1991.
Interest.
Setting up of Debt Conciliation Boards.
1989 : Hr. Act 9] RELIEF OF AGRICULTURAL INDEBTEDNESS 114
(d) The chairman and every member of a Board so established shall be appointed for a term not exceeding three years, but shall be eligible for re-appointment on the expiry of his term.
(e) The quorum of a Board shall be prescribed by the State Government.
(f) 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.
(2) The State Government may cancel the appointment of any member of a Board or dissolve any Board.
(3) The State Government shall notify in the Official Gazette—
(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;
(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;
(c) the dissolution of a Board; and from the date specified in such notification the Board shall cease to exist.
(4) When a Board is dissolved or ceases to exist otherwise, the State Government may at any time establish another Board within the same local limits in which the former Board had jurisdiction and may declare this Board to be the successor in office of the first Board.
6. A debtor or any of his creditors may apply to the Board appointed for the area in which the debtor resides or holds any land to effect a settlement between the debtor and his creditors:
1[Provided that the Board in appropriate cases may stay the recovery of the debt after hearing the parties till final settlement.]
7. Every application to a Board shall be in writing and be signed by the applicant and verified in such manner as may be prescribed.
Application for settlement.
Verification of application.
1. Added by Haryana Act 8 of 1991.
[1989 : Hr. Act 9 RELIEF OF AGRICULTURAL INDEBTEDNESS 115