(i) A debtor may make an application tor the settlement ot his debts to the tribunal estaolished for the area in which he resides, whether or not the time for redemption or payment of any of his debts has expired
(2) Every application made under sub-section (I) shall be in writing and shall be signed and verified in the prescribed manner.
(3) Every such application shall contain the following- particulars, namely: —
(a) a statement that the debtor is unable to pay his debts;
(b) the place where he resides;
(c) the amount and particulars of all claims against him together with the names and residences of his creditors, so far as they are known to, or can, by exercise of reasonable care and diligence, be ascertained by him;
(d) the particulars of the debtor's properties, both movable and immovable (including claims due to him), a specification of the value thereof as accurately as possible, and of any mortgage, lien or charge subsisting thereon; .
(e) the particulars of the documents evidencing or proving the existence of the debts enumerated in the application;
(/) whether any time-limit has been specified for the redemption or payment of any debt, and if so, whether it has expired on the date of the application;
(g) such other matters as are relevant for inquiry.
(4) Any application which does not comply with any of the requirements mentioned in clauses (a.) to (f) of sub-section (3) shall be rejected by the tribunal:
Provided that the rejection of an application shall not preclude the applicant from making a fresh application.