State Act

The Maharashtra Debt Relief Act, 1975

17. Relief against default in payment of installments.— (1) Where a decree for payment of a decretal amount by installments contains a provision that in default of one or more installments, the whole amount shall become due at once, then, notwithstanding anything in such provision, non-payment of any installment falling due during the period in which the proceedings in execution remain stayed 3[under this Chapter,] shall not be deemed to be a default for the purposes of such provision. (2) If the judgment-debtor pays the installments so falling within a period of twelve months 4[after the expiry of this Chapter,] then such installment shall be deemed to have been paid on the due date.