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Section 22A: Value of property of debtor to be determined by Court in prescribed manner.

The Maharashtra (Vidarbha Region) Agricultural Debtors Relief Act, 1969State Act of Maharashtra · Act 22 of 1969

[22A. Value of property debtor to be determined by Court in prescribed manner.

(1) Subject to the provisions of sub-sections (2) and (3), the value of the property and other assets of a debtor for the purposes of ascertaining his paying capacity under section 21A 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 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 (Vidarbha Region) Agricultural Debtors Relief Act, 1969
Section22A
Marginal noteValue of property of debtor to be determined by Court in prescribed manner.
JurisdictionState of Maharashtra
StatusIn force as published by the source

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