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Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Setting up of Debt Conciliation Boards.Section 4 · Application for settlement between a debtor and his creditors.Section 6 · Particulars to be stated in application.Section 7 · Prodedure on receipt of application.Section 8 · Notice calling upon creditors to submit statement of debts.Section 9 · Procedure on submission of statements of debts.India Code, Government of India. Text fetched 11 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.