CourtMesh

Section 15: Special provision for settlement of certain loans taken by an agriculturist from banks

The Kerala Agricultural Debtors (Temporary Relief) Act, 2001State Act of Kerala · Act 19 of 2001

(1) Notwithstanding anything contained in this Act or in any law or contract or decree or order of any Court or Tribunal, the Government may with the concurrence of the Reserve Bank of India or NABARD,—

(a) reschedule of short term loans into medium term loans and medium term loans into long term loans of the debts availed of by agriculturists from commercial banks or other scheduled banks, or

(b) provide necessary facilities for one time settlement of agriculture loans falling under the category of non-performing assets, as per the guidelines issued by the Reserve Bank of India, or

(c) waive penal interest as per the norms fixed by the Reserve Bank of India.

(2) Where any settlement of loan is made under sub-section (1), the agriculturist shall be bound to repay such loan with interest to the bank concerned within the period allowed by such bank.

Where this provision sits

ActThe Kerala Agricultural Debtors (Temporary Relief) Act, 2001
Section15
Marginal noteSpecial provision for settlement of certain loans taken by an agriculturist from banks
JurisdictionState of Kerala
StatusIn force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Kerala Agricultural Debtors (Temporary Relief) Act, 2001 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.