Notwithstanding anything to the contrary contained in any law or contract, but subject to the provisions of sections 47 and 56, no alienation of any property belonging to a debtor, made by him before all his debts are discharged, shall be valid except with the previous sanction of the Court, if the debtor is a party to any proceedings under this Chapter, or to an award registered under this Chapter.
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Next · Section 47Court may order sale of debtor’s property in liquidation of his debts. →All sections / सभी धाराएँThe Maharashtra Debt Relief Act, 1975 →
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.