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Section 17: Relief against default in payment of installments.

The Maharashtra Debt Relief Act, 1975State Act of Maharashtra · Act 3 of 1976

(1) Where a decree for payment of a decretal amount by installments contains a provision that in default of one or more installments, the whole amount shall become due at once, then, notwithstanding anything in such provision, nonpayment of any installment falling due during the period in which the proceedings in execution remain stayed [under this Chapter,] shall not be deemed to be a default for the purposes of such provision.

(2) If the judgment-debtor pays the installments so falling within a period of twelve months [after the expiry of this Chapter,] then such installment shall be deemed to have been paid on the due date.

Where this provision sits

ActThe Maharashtra Debt Relief Act, 1975
Section17
Marginal noteRelief against default in payment of installments.
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, Mah. 18 of 1979. These words were substituted for the words "under this Act," by Mah. 18 of 1979, s. 8(a).
  • substituted, Mah. 18 of 1979. These words were substituted for the words "after the expiry of this Act," by Mah. 18 of 1979, s. 8(b).

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