notwithstanding anything contained in section 10 and 11, if during the pendency of the proceedings before a Debt Relief Court a settlement is arrived at between the debtor and all his creditors and if the Debt Relief Court is satisfied that the settlement has been made by the debtor voluntarily, and is for his benefit such court may make order in terms of such settlement.
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More sections of this act
Section 1 · Short title, extent and commencementSection 2A · Application of Act to Scheduled Caste or Scheduled TribesSection 2 · DefinitionsSection 3 · Establishment of Debt Relief CourtsSection 4 · Inapplicability of the Act in certain casesSection 5 · Abatement or stay of suit or insolvency petitionSection 6A · Application for recording settlementSection 6 · Application to Debt Relief CourtIndia Code, Government of India. Text fetched 12 Oct 2026. Source metadata reports last modification: 2025-07-14. Check the linked official text and subsequent notifications when applying a provision.