State Act

7

Section 7. Relief against default in payment or instalments.

The Himachal Pradesh Relief of Agricultural Indebtedness Act, 1976

Act no. 17 of 19761976In forceHimachal Pradesh (State Act)

7. Relief against default in payment or instalments.- (1) Where a decree for payment of the decretal amount by instalments contains a provision that in default of one or more instalments, the whole amount shall become due at once, then, notwithstanding anything in such provision, non-payment of any instalment falling due during the period in which the proceedings in execution remain stayed under this Act shall not be deemed to be a default for the purposes of such provision. (2) If the judgment debtor pays the instalment so falling due within a period of twelve months after the expiry of period prescribed in sub-section (1) then such instalment shall be deemed to have been paid on the due date.