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Section 11 of The Murshidabad Estate Administration Act, 1933

Determination of debts.

The Manager shall in the prescribed manner determine the amount of the principal of all debts and liabilities not barred under section 10 justly due to the several creditors of the Nawab Bahadur and to persons holding mortgages, charges or liens on the property of the Nawab Bahadur, and shall determine in like manner the interest, if any, due at the date of such determination in respect of such debts and liabilities and may reduce the rates of interest charged as appears to him just and proper.

Summary

The Manager is responsible for calculating the exact amount of the principal (the original loan amount) for all debts that are not barred.
This applies to debts owed to regular creditors and to those who hold mortgages or legal claims (liens) on the Nawab’s property.
The Manager must also calculate how much interest is due on these debts up to the date they make their decision.
The Manager has the specific power to lower interest rates if they believe the current rates are not fair or proper.
This determination must be done in the "prescribed manner," meaning according to the rules set for the Act.

Practical examples

1Manager Singh reviews a claim from a moneylender for 1,000 rupees principal and 500 rupees interest. He confirms the 1,000 rupees is "justly due" but decides the 50% interest rate is too high and reduces it to a total of 100 rupees interest.

2A bank claims the Nawab owes them 10,000 rupees based on a mortgage. Manager Singh investigates and determines the actual principal is 9,500 rupees after checking the estate's old records.

FAQ

1. Can the Manager change the amount of interest I am owed?

Yes, the Manager has the power to reduce interest rates to whatever they think is "just and proper".

2. Does this section apply to all of the Nawab's debts?

No, it only applies to debts that are "not barred under section 10".

3. What exactly does the Manager determine?

The Manager determines the principal amount of the debt and the interest due up to the date of that determination.

4. Does the Manager only look at simple loans?

No, the Manager also determines amounts for people holding mortgages, charges, or liens on the Nawab’s property.

Test yourself

1.Under Section 11 of The Murshidabad Estate Administration Act, 1933, what is the Manager's authority regarding interest rates?

2.Under Section 11 and Section 10 of The Murshidabad Estate Administration Act, 1933, what is the first requirement for a debt to be determined by the Manager?

3.Under Section 11 of The Murshidabad Estate Administration Act, 1933, until what date is interest calculated when the Manager determines a debt?

4.Under Section 11 of The Murshidabad Estate Administration Act, 1933, whose claims is the Manager required to determine?

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