State of Uttar Pradesh - Act
The U.P. Debt Redemption Rules, 1941
UTTAR PRADESH
India
India
The U.P. Debt Redemption Rules, 1941
Rule THE-U-P-DEBT-REDEMPTION-RULES-1941 of 1941
- Published on 24 November 1941
- Commenced on 24 November 1941
- [This is the version of this document from 24 November 1941.]
- [Note: The original publication document is not available and this content could not be verified.]
Chapter I
Preliminary1. Short title.
- These rules may be called the Uttar Pradesh, Debt Redemption Rules, 1941.2. Interpretation.
- In these rules, unless there is anything repugnant in the subject or context,-Chapter II
Annual Values and Determination of Protected Land
3. Transfer of execution to Collector.
- The execution of all decrees to which the Act applies in which a civil court has ordered any land situated in the Uttar Pradesh or any interest in such land, to be sold or otherwise transferred, shall be transferred to the Collector.4. Determination of protected land.
5. Determination of annual value under section 16 (2) of the Act.
6. Determination of annual value under section 16 (3) of the Act.
- In the case of any other decree mentioned in sub-section (3) of section 16 of the Act, the Collector shall calculate the annual value of the judgement-debtor's unprotected land in the year in which the decree is sought to be executed, in the manner prescribed by clause (b) of sub-rule (1) of Rule 5.7. Multiple to be applied under sub-sections (2) and (3) of section 16 of the Act.
8. Determination of land to be transferred to decree-holder.
- When the annual value of the judgement-debtor's unprotected land has been calculated in accordance with the provisions of the Act and these rules, the Collector shall give the judgement-debtor and the decree-holder an opportunity of being heard, and shall, if they appear, explain the valuations to them and hear objections, if any, made by them. The Collector may modify the valuations where he considers this necessary in the light of any objections made by the judgement-debtor or the decree-holder, and shall then determine what portion of the land should be transferred in accordance with section 16 of the Act to the decree-holder.Chapter III
Mortgage of Protected Land and its Redemption
(Rules Under Section 17)9. Forms of mortgage.
- The form of the mortgage granted under the third proviso to sub-section (1) of section 17 of the Act shall be that prescribed in clause (a) of sub-section (1) of Section 13 of the Uttar Pradesh Regulation of Agricultural Credit Act, 1940 (U.P. Act XIV of 1940), and its conditions will be those prescribed by section 14 and those which the Collector may, consistent with the provisions of section 15 of the Act, think fit to impose.10. Calculation of net profits.
11. Determination of period of mortgage and the area to be mortgaged.
12. Rateable distribution among several persons holding unsecured decrees.
- If several persons holding unsecured decrees apply for execution of their decrees by grant of a mortgage of protected land, the Collector shall divide the protected land, or such portion of it as is available, into rateable shares according in the net annual profits of the land and the amount of the decrees, and shall grant mortgages simultaneously to the decree-holders accordingly.Example. - Suppose the net annual profits of the land available for mortgage to unsecured decree-holders are Rs. 50 and there are three decree-holders with decrees of Rs. 500, Rs. 300 and Rs. 200 respectively. A reference to the table in Appendix A shows that in twenty years a sum of Rs. 1,487.74 (Rs. 1,488) can be repaid by annual payments of Rs. 100, if the rate of interest is 3 percent, with annual payments of Rs. 50 therefore, a sum of Rs. 744 can be repaid in twenty years. As the amount which can be repaid over a period of twenty years is less than the total amount of the decree (Rs. 1,000) the mortgage for the full period of twenty years should be granted, vide rule 11. The decree-holder with the decree of Rs. 500 shall be given a mortgage of land of which the net annual profit is Rs. 25 for the full period of twenty years, the other holding the decree of Rs. 300 should be granted a mortgage of land of which the net annual profit is Rs. 15 for a similar period, and the third will get a mortgage of the rest of the land of which the net annual profit is Rs. 10.13. Certificate of transfer.
- The certificate of transfer under sub-section (1) of section 20 of the Act shall be in the form given in Appendix B, and a copy of it shall be sent to the registering officer within the local limits of whose jurisdiction the whole or any part of the land comprised in such certificate is situate, and such officer shall file the copy in his Book No. 1.14. Certificate of mortgage.
- The certificate of mortgage under sub-section (2) of section 20 of the Act shall be in the form given in Appendix C and a copy of it shall be sent to the registering officer within the local limits of whose jurisdiction the whole or any part of the land comprised in such certificate is situate, and such officer shall file the copy in his Book No. 1.15. Redemption of mortgage of protected land.
- When the judgement-debtor applies for redemption of a mortgage granted under the provisions of section 17 of the Act, the Collector shall determine the number of years which the mortgage has still to run on the 30th day of June next following the date on which the application is made. The Collector shall then refer to the table in Appendix D, and shall determine what proportion of the [money] [The word 'mortgage money' were substituted for the word 'mortgage debt', and the exisiting example was numbered as example and a new example II was inserted by U.P. Government Notification No. 1167/1-95-45, dated 24th September, 1946.] mortgage must be repaid by judgement-debtor for the redemption of his protected land.Example I. - Suppose that in the example in Rule 11 (3) the decree-holder is given a mortgage of the judgement-debtor's protected land for a term of six years, then the value of the mortgage as determined from the table in Appendix A, is Rs. 1,084. The excess amount of Rs. 84 has been adjusted by a cash payment by the decree-holder to the judgement-debtor. At the end of the fourth year the judgement-debtor desires to redeem the mortgage and a reference will then be made to the table in Appendix A. The mortgage was for six years and still has two years to run. The figure in column 6 opposite "two years" is 35-32 so that the judgement-debtor must pay 35-32 per cent of the mortgage-money in order to redeem the mortgage. That is to say, he must pay a sum of| Rs.| 1084 x 35.32100| . This comes to Rs. 382.89, or Rs. 383 which the mortgagor (judgment-debtor) must pay for the redemption of the mortgage at the end of the fourth year. |
| to mortgage, say, after 7 years then applying the formula of Rule 15, he will have to pay Rs.| 2.976 x 72.48100| = Rs. 215.70 |
15A.
Power of a Collector under these rules may, by any general or special order in writing of the Collector, be exercised by Assistant Collector of the first class with respect to cases in which-16. General.
- The rules contained in Chapter XI of the Revenue Manual, relating to sales of agricultural land in execution of Civil Court decrees, shall apply to transfers in execution of decrees to which the Act applies in so far as they are not inconsistent with the provisions of the Act and these rules.Chapter IV
Protected Land under the Encumbered Estates Act
17. Determination of protected land under U.P. Act XXV of 1934.
- For the purpose of determining the protected land of an agriculturist in proceedings under the Uttar Pradesh Encumbered Estates Act, 1934 (U.P. Act XXV of 1934), the Collector shall proceed in the manner provided in Rule 4.Appendix A(See rule 11)Present value of annual payments of Rs. 100 for any number of years from one to twenty allowing interest at three per cent per annum.| Term of mortgage in years | Present value of annual paymentsof Rs. 100 | |||||
| 1. | ... | ... | ... | ... | ... | 97.08 |
| 2. | ... | ... | ... | ... | ... | 191.35 |
| 3. | ... | ... | ... | ... | ... | 282.86 |
| 4. | ... | ... | ... | ... | ... | 371.70 |
| 5. | ... | ... | ... | ... | ... | 457.97 |
| 6. | ... | ... | ... | ... | ... | 541.71 |
| 7. | ... | ... | ... | ... | ... | 623.02 |
| 8. | ... | ... | ... | ... | ... | 701.96 |
| 9. | ... | ... | ... | ... | ... | 178.61 |
| 10. | ... | ... | ... | ... | ... | 853.02 |
| 11. | ... | ... | ... | ... | ... | 925.26 |
| 12. | ... | ... | ... | ... | ... | 995.40 |
| 13. | ... | ... | ... | ... | ... | 1,063.49 |
| 14. | ... | ... | ... | ... | ... | 1,129.60 |
| 15. | ... | ... | ... | ... | ... | 1,193.79 |
| 16. | ... | ... | ... | ... | ... | 1,256.11 |
| 17. | ... | ... | ... | ... | ... | 1,316.61 |
| 18. | ... | ... | ... | ... | ... | 1,375.35 |
| 19. | ... | ... | ... | ... | ... | 1,432.37 |
| 20. | ... | ... | ... | ... | ... | 1,487.74 |
| Name of Court passing the decree | Number of case | Date of decree | Name of parties | Amount of the decree |
| Name of Court passing the decree | Number of case | Date of decree | Name of parties | Amount of the decree |
| Numbers of years which mortgage has to run | Term of mortgage in years | |||||||||||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | |
| 1. | 100 | 50.74 | 34.42 | 26.15 | 21.12 | 17.92 | 15.58 | 13.83 | 12.47 | 11.38 | 10.49 | 9.75 | 9.13 | 8.59 | 8.13 | 7.73 | 7.37 | 7.07 | 6.78 | 6.52 |
| 2. | 100 | 67.65 | 51.18 | 41.71 | 35.23 | 30.71 | 27.26 | 24.57 | 22.43 | 20.68 | 19.22 | 17.99 | 16.94 | 16.03 | 15.23 | 14.53 | 13.91 | 13.36 | 12.86 | |
| 3. | 100 | 76.10 | 61.76 | 52.21 | 45.40 | 40.29 | 36.33 | 33.16 | 30.57 | 28.42 | 26.60 | 25.04 | 23.69 | 22.52 | 21.48 | 20.57 | 19.75 | 19.01 | ||
| 4. | 100 | 81.16 | 68.62 | 59.66 | 2.95 | 47.74 | 43.57 | 40.17 | 37.34 | 34.95 | 32.91 | 31.14 | 29.59 | 28.23 | 27.03 | 25.95 | 24.98 | |||
| 5. | 100 | 84.54 | 73.51 | 67.24 | 51.82 | 53.69 | 49.50 | 46.01 | 43.06 | 40.54 | 38.36 | 36.46 | 34.78 | 33.30 | 31.97 | 30.78 | ||||
| 6. | 100 | 86.96 | 71.17 | 69.57 | 63.51 | 58.55 | 54.42 | 50.49 | 47.96 | 45.38 | 43.13 | 41.14 | 39.99 | 37.82 | 36.41 | |||||
| 7. | 100 | 88.75 | 80.02 | 73.04 | 67.33 | 62.59 | 58.58 | 55.16 | 52.19 | 49.60 | 47.32 | 45.30 | 43.50 | 41.88 | ||||||
| 8. | 100 | 90.16 | 82.29 | 75.87 | 70.52 | 66.00 | 62.14 | 58.80 | 55.88 | 53.32 | 51.40 | 49.01 | 47.28 | |||||||
| 9. | 100 | 91.28 | 84.01 | 78.01 | 73.21 | 68.23 | 65.22 | 61.98 | 59.14 | 56.61 | 54.36 | 52.33 | ||||||||
| 10. | 100 | 92.19 | 85.70 | 80.21 | 75.51 | 71.45 | 67.91 | 64.79 | 62.02 | 59.55 | 57.34 | |||||||||
| 11. | 100 | 22.95 | 87.00 | 81.91 | 77.51 | 73.66 | 70.28 | 67.27 | 64.60 | 62.19 | ||||||||||
| 12. | 100 | 93.60 | 88.12 | 83.38 | 79.24 | 75.60 | 72.37 | 69.03 | 66.91 | |||||||||||
| 13. | 100 | 94.15 | 89.08 | 84.66 | 80.77 | 77.32 | 74.25 | 72.48 | ||||||||||||
| 14. | 100 | 94.62 | 89.93 | 85.80 | 82.13 | 78.86 | 75.93 | |||||||||||||
| 15. | 100 | 95.04 | 90.67 | 86.80 | 83.34 | 80.24 | ||||||||||||||
| 16. | 100 | 95.40 | 91.33 | 87.69 | 84.43 | |||||||||||||||
| 17. | 100 | 95.73 | 91.92 | 88.50 | ||||||||||||||||
| 18. | 100 | 96.02 | 92.44 | |||||||||||||||||
| 19. | 100 | 98.29 | ||||||||||||||||||
| 20. | 100 |