Section 10: Certain debts and liabilities not to be affected

Nothing in this Act shall apply to the following categories of debts and liabilities of a debtor, namely.-

(a) Any rent due in respect of any property including agricultural land let out to such debtor;

(b) Any amount recoverable as arrears of land revenue;

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(c) Any revenue, tax or cess payable to the Central Government or the State Government or a local Authority under a decree of a court or otherwise;

(d) Any liability arising out of breach of trust or any tortuous liability;

(e) Any liability in respect of wages, or remuneration due as salary or otherwise for services rendered;

(f) Any liability in respect of maintenance whether under a decree of a court or otherwise;

(g) A debt due to.-

(i) The Central Government or any State Government;

(ii) Any local authority;

(iii) A credit agency as defined in the Karnataka Agricultural Credit Operations Miscellaneous Provisions Act, 1974 (Karnataka Act 2 of 1975);

(iv) A Government company within the meaning of the Companies Act, 1956;

(v) The Life Insurance Corporation of India;

(vi) A Co-operative Society registered under the Karnataka co-operative Societies Act, 1959.

(h) Any amount due by such debtor under a hire purchase agreement;

(i) Any debt which represent the price of property;

whether movable or immovable purchased by such debtor;

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(j) Any amount due by such debtor under a partition to another sharer;

(k) Any amount received by a debtor as advance for the delivery of goods at a future date;

(l) Any liability incurred or arising under any chit the by-laws of which have been registered;

(m) Any sum decreed as costs by any court.