23. (1) If on the expiry of the said period the debtor shall have paid into court the full amount due from him the Collector shall discharge all his debts.
(2) If on the expiry of the said period the debtor shall not have paid into court the full amount due from him the Collector shall expend the amount, if any, paid in discharging the debts in order of priority and shall proceed to liquidate the amount still remaining due in accordance with provisions of the following sections.
(2) If on the expiry of the said period the debtor shall not have paid into court the full amount due from him the Collector shall expend the amount, if any, paid in discharging the debts in order of priority and shall proceed to liquidate the amount still remaining due in accordance with provisions of the following sections.
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Section 1 · Short title, extent and CommencementSection 2 · DefinitionsSection 3 · Appointment and removal of Special JudgeSection 4 · Application for benefit of Act and time within which it may be madeSection 5 · Bar of second applicationSection 6 · Transmission of application to Special JudgeSection 7 · Consequence of acceptance of an application by the CollectorSection 8 · Written statement to be submitte,Verification of statement.India Code, Government of India. Text fetched 17 Oct 2026. Source metadata reports last modification: 2025-10-26. Check the linked official text and subsequent notifications when applying a provision.