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Section 5

The Laccadive, Minicoy And Amindivi Islands (Debt Conciliation And Grant Of Loans) Regulation, 1964.Regulations · 1964

(1) On receipt of an application under section 4, the tribunal shall, unless it rejects the application for non-compliance with any of the requirements mentioned in clauses (a) to (f) of sub-section (3) of section 4, pass an order fixing a date and place for hearing the application.

(2) Notice of the order under sub-section (i) shall be served in the prescribed manner on the debtor and each of the creditors named in the application and copies of the notice shall be affixed on the notice boards of the offices of the amins or karanis having jurisdiction over the respective areas in which the debtor and each of the creditors reside.

C. An application under section 4 may be dismissed by the tribunal at any stage of the proceedings,—

(i) if the applicant fails, when ordered by the tribunal to do so, to appear betore the tribunal or to take any steps in relation to the application:

Application for conciliation.

Hearing of application.

Dismissal of the application in certain circumstances, 286 THE GAZETTE OF OTtflA EXTRAORDINARY [£>ART l l Filing of written statement and procedure thereon.

Provided that such application may be restored to file if the applicant satisfies the tribunal that he was not able to appear before the tribunal or to take the steps aforesaid for reasons beyond his control; or

(ii) if the application includes a claim which, in the opinion of the tribunal, is collusive and intended to defraud any creditor.

Where this provision sits

ActThe Laccadive, Minicoy And Amindivi Islands (Debt Conciliation And Grant Of Loans) Regulation, 1964.
Section5
StatusIn force as published by the source

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