Every debt due from a debtor in respect of which no application has been made under section 24, before the date specified in that section, or in respect of which no application for recording a settlement is made under section 27 within the period specified in that section, or in respect of which an application made to the Court is withdrawn under sub-section (3) of section 24 and no fresh application is made under that section, and every debt due from such debtor in respect of which a statement is not submitted to the Court by the creditor in compliance with the provisions of section 28, shall be extinguished.
Section 29: Debts in respect of which no application for adjustment or settlement is made to be extinguished.
The Maharashtra Debt Relief Act, 1975State Act of Maharashtra · Act 3 of 1976
Where this provision sits
| Act | The Maharashtra Debt Relief Act, 1975 |
|---|---|
| Section | 29 |
| Marginal note | Debts in respect of which no application for adjustment or settlement is made to be extinguished. |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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