State Act

The Maharashtra Debt Relief Act, 1975

37. Court’s duty to determine particulars, value, etc. of property.— After taking accounts under section 33, the Court shall in the manner hereinafter provided determine,— (a) the particulars of the property belonging to the debtor; (b) the value of the said property; (c) the particulars of any encumbrances on the said property; (d) in the case of a debtor who is a marginal farmer, small farmer or other agriculturist, the average annual gross value of the agricultural produce during the five years immediately preceding the date of application, in the prescribed manner; (e) in the case of a debtor, who is a worker, rural artisan or rural labourer, the average gross annual income during the five years immediately preceding the date of application, in the prescribed manner; (f) the paying capacity of the debtor.