No application shall lie under section 24 for adjustment of any debt due from a debtor to whom such debt has been transferred or assigned, after the date of commencement of this Chapter, by any person who is not himself a debtor.
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More sections of this act
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.