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State of Maharashtra - Section

Section 37 in 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.