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State of Himachal Pradesh - Section

Section 23 in The Himachal Pradesh Debt Reduction Act, 1976

23. Deposit in Court.

(1)Any person who owes money may at any time deposit in court a sum of money in full or port payment to his creditor.
(2)The court on receipt of this deposit shall give notice thereof to the creditor and shall/on his application, pay the sum to him.
(3)From the date of such deposit interest shall cease to run on the sum so deposited.