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Section 29: Value of property of debtor to be determined by Court in prescribed manner.

The Maharashtra Agricultural Debtors Relief Act.State Act of Maharashtra · Act 28 of 1947

(1) Subject to the provisions of sub-sections (2), (3) and (4), the value of the property and other assets of a debtor for the purposes of ascertaining the paying capacity of the debtor under section 27 shall be determined by the Court in the prescribed manner.

(2) The property or assets which are exempt from attachment in execution of a decree of a civil court under the Code of Civil Procedure, 1908 (V of 1908), shall not be taken into account.

(3) The amount of the debts mentioned in section 3 shall be deducted.

(4) The market value of the lands, which under any law for the time being in force, are not transferable or alienable except with the previous sanction of the Collector or the [State] Government, shall be calculated in such manner as may be prescribed.

Where this provision sits

ActThe Maharashtra Agricultural Debtors Relief Act.
Section29
Marginal noteValue of property of debtor to be determined by Court in prescribed manner.
JurisdictionState of Maharashtra
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted. This word was substituted for the word "Provincial" by the Adaptation of Laws Order, 1950.

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