Where two or more applications for adjustment of debts under section 3 are made by or against the same debtor, all such applications shall be consolidated. Where such separate applications are presented by or against joint debtors, all such applications shall be heard together.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Application for adjustment of debts.Section 4 · Every creditor and debtor to file a true and correct statement before Court.Section 5 · Assignees from non-debtor not entitled to benefit of this Act.Section 6 · Application for recording settlement.Section 7 · Settlement during pendency of proceedings before Court.Section 8 · Certain settlements to be void.India Code, Government of India. Text fetched 16 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.