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[Cites 0, Cited by 0] [Section 35] [Entire Act]

State of Telangana - Subsection

Section 35(4) in Telangana Jagirdars Debt Settlement Act, 1952

(4)If the debts found due by a debtor after taking accounts under section 28 are both secured and unsecured, and if the total amount of the secured debts is more than sixty per cent of the value of the property on which such debts are secured, the secured debts shall be further scaled down pro rata to sixty per cent of the value of the property on which debts are secured and the unsecured debts shall be further scaled down pro rata to sixty per cent of the value of the property belonging to the debtor over which no debts are secured.