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The Maharashtra Debt Relief Act, 1975

Section 37. Court’s duty to determine particulars, value etc. of property.

After taking accounts under section 33, the Court shall in the manner hereinafter provided determine,- (a) the particulars of the property belonging to the debtor; (b) the value of the said property; (c) the particulars of any encumbrances on the said property; (d) in the case of a debtor who is a marginal farmer, small farmer or other agriculturist, the average annual gross value of the agricultural produce during the five years immediately preceding the date of application, in the prescribed manner; (e) in the case of a debtor, who is a worker, rural artisan or rural labourer, the average gross annual income during the five years immediately preceding the date of application, in the prescribed manner; (f) the paying capacity of the debtor.

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

Cases citing this section

No order or office report we hold cites this section yet.

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