Section 21: Restriction on amount of claim and interest in certain cases.

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

(1) On the expiry of this Chapter, no claim arising out of any proceedings which are stayed under sub-section (1) of section 15 or out of any decree described in sub-section (1) of that section in respect of which no execution proceedings have been taken shall exceed the amount of the principal by more than one hundred fifty per cent of such amount.

(2) No interest shall accrue on any amount included in any claim referred to in sub-section (1) during the period this Chapter is in operation.

Where this provision sits

Act	The Maharashtra Debt Relief Act, 1975
Section	21
Marginal note	Restriction on amount of claim and interest in certain cases.
Jurisdiction	State of Maharashtra
Status	In force as published by the source

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