(1) Where a decree for payment of a decretal amount by installments contains a provision that in default of one or more installments, the whole amount shall become due at once, then, notwithstanding anything in such provision, nonpayment of any installment falling due during the period in which the proceedings in execution remain stayed 1[under this Chapter,] shall not be deemed to be a default for the purposes of such provision.
(2) If the judgment-debtor pays the installments so falling within a period of twelve months 2[after the expiry of this Chapter,] then such installment shall be deemed to have been paid on the due date.
(2) If the judgment-debtor pays the installments so falling within a period of twelve months 2[after the expiry of this Chapter,] then such installment shall be deemed to have been paid on the due date.
Source footnotes
1. These words were substituted for the words "under this Act," by Mah. 18 of 1979, s. 8(a).2. These words were substituted for the words "after the expiry of this Act," by Mah. 18 of 1979, s. 8(b).
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Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Revival of all discharged debts under Ordinance VII of 1975.Section 4 · Discharge of certain debts and consequences thereof.Section 5 · Prohibition against disposal of pledged property, etc. and penalty.Section 6 · Power of certain officers to enforce delivery of possession of property to debtor.Section 7 · Creditor may dispute debtor’s claim.Section 8 · Power of entry and search.India Code, Government of India. Text fetched 18 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.