(1) The State Government or any officer empowered by it may, by notification in the Official Gazette, authorise in any local area any person to advance loans to debtors who are parties to any proceedings under this Act.
(2) The authority granted under sub-section (1) shall be subject to such conditions as may be prescribed.
(2) The authority granted under sub-section (1) shall be subject to such conditions as may be prescribed.
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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.