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[Cites 0, Cited by 0] [Section 52] [Entire Act]

State of Madhya Bharat - Subsection

Section 52(2) in The Madhya Bharat Agricultural Debtor's Relief Act, 1956

(2)If at any time after the expiration of two years from the date of an award, the debtor satisfies the Court that there is no reasonable probability of his being in a position to pay the remaining amount of instalments fixed under the award, the Board may, notwithstanding anything contained in this Act, after giving notice to the creditor, modify the terms of the award and reduce the amount of the instalment as it may think fit, provided that the total annual instalments in which the balance of the debts shall be paid in such instalments shall not exceed twenty, or the Board may make an order adjudicating the debtor an insolvent.