State Act
Section 29. Debts in respect of which no application for adjustment or settlement is made to be extinguished.
The Maharashtra Debt Relief Act, 1975
29. Debts in respect of which no application for adjustment or settlement is made to be extinguished.— Every debt due from a debtor in respect of which no application has been made under section 24, before the date specified in that section, or in respect of which no application for recording a settlement is made under section 27 within the period specified in that section, or in respect of which an application made to the Court is withdrawn under sub-section (3) of section 24 and no fresh application is made under that section, and every debt due from such debtor in respect of which a statement is not submitted to the Court by the creditor in compliance with the provisions of section 28, shall be extinguished.