The Broach and Kaira Incumbered Estates Act, 1877

Section 17. Scheme for liquidation

In force · As amended up to 2026-08

17. Scheme for liquidation. —When the total amount of the debts and liabilities (including those due and incurred to Government) has been finally determined, the manager shall prepare and submit to the Commissioner a schedule of such debts and liabilities, and a scheme (hereinafter called the liquidation scheme) shewing the mode in which it is proposed to pay and discharge the same, whether from the income of the property under management, or with the aid of funds raised under the powers hereinafter conferred, or partly in one of such ways and partly in the other. Commissioner a schedule of such debts and liabilities, and a scheme (hereinafter called the Provisions of scheme .—Every such scheme shall further provide for the continuance of the payments to be made by the manager under section 11, and may provide for the improvement of the property under management either from the said income or with the aid of the funds raised as aforesaid, or partly in one of such ways and partly in the other.

Source: India Code