TADR Act 12Chapter IV · Procedure for Settlement of Debts
Section 12 · Debts in respect of which no application for settlement is made to be void
Text size — level 1 of 4
- Every debt due from debtor in respect of which no application has been made under Section 6 within the time prescribed under the said Section 6 or in respect of which no application for recording a settlement is made under Section 8 within the period specified in the said Section 8 and every debt due from such debtor in respect of which a statement is not submitted to the Tribunal by the creditor in compliance with the provisions of Section 11, shall be extinguished.
Your private note on this section
Only you can see this note.