Displaced Persons (Debts Adjustment) Act,1951
Act No : 70
Section :
Communication of contents of decrees to prescribed authority.
52. Communication of contents of decrees to prescribed authority. (1) Every Tribunal shall communicate to the prescribed authority, in such manner as may be prescribed, the amount of the prior 88 charge declared under sub-section (3) of section 16, and shall also forward to it a copy of the decree passed on the application of a displaced debtor under section 5 or sub-section (2) of section 11 and also of any order passed under sub-section (5) of section 32, specifying the amount due to the creditor mentioned therein on the date of the order. (2) The prescribed authority shall scale down the debts reported to him in accordance with sub-section (6) of section 32 and shall, subject to any rules made in this behalf, meet the prior charge of the secured creditor in accordance with sub-section (2) of section 16 in the first instance and thereafter distribute the balance of the compensation available for distribution within the meaning of sub- section (10) of section 32 rateably amongst the other decree-holders whose decrees have been reported to him: Provided that in making any such rateable distribution the prescribed authority shall have due regard to the provisions contained in sub-section (2) of section 33. (3) The balance from the amount of the compensation payable shall be refunded to the displaced debtor. (4) Any amount paid by the prescribed authority to any decree- holder under the provisions of this section shall, to that extent, be a valid discharge of the debt due by the displaced debtor.
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