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Section 16: Ranking of debts for priority.

The United Provinces Encumbered Estates Act, 1934State Act of Uttar Pradesh · Act 25 of 1934

16. The Special Judge shall rank all debts for priority,provided that debts in the earlier of the following classes shall have priority over those in the later classes :

Class (1) Debts recoverable under the Agra Tenancy Act, 19261, the Oudh Rent Act, 18862, and the Land Revenue Act, 1901 ;

Class (2) Public debts due to the Government and public debts due to a local authority creating a charge on immovable property ;

Class (3) Debts secured upon property against which the Collector may take action under the provisions of section 24 up to the value of the security ;

[ Class (3-A) Secured debts which are not legally recoverable otherwise than out of the compensation and rehabilitation grant payable to the landlord ;]

Class (4) Other secured debts ;

Class (5) Debts due on account of goods supplied or services rendered ; and

Class (6) Unsecured debts due to a local authority ; debts falling into class (3) in excess of the value of security and other unsecured debts.

Where this provision sits

ActThe United Provinces Encumbered Estates Act, 1934
Section16
Marginal noteRanking of debts for priority.
JurisdictionState of Uttar Pradesh
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.

  • other, U. P. Act XIII of 1954. Add. by s. 10 of U. P. Act XIII of 1954.

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