80. Eligibility for making an application
A debtor, who is unable to pay his debt and fulfils the conditions specified in sub-section (2), shall be entitled to make an application for a fresh start for discharge of his qualifying debt under this Chapter.
A debtor may apply, either personally or through a resolution professional, for a fresh start under this Chapter in respect of his qualifying debts to the Adjudicating Authority if —
the gross annual income of the debtor does not exceed sixty thousand rupees;
the aggregate value of the assets of the debtor does not exceed twenty thousand rupees;
the aggregate value of the qualifying debts does not exceed thirty-five thousand rupees;
he is not an undischarged bankrupt;
he does not own a dwelling unit, irrespective of whether it is encumbered or not;
a fresh start process, insolvency resolution process or bankruptcy process is not subsisting against him; and
no previous fresh start order under this Chapter has been made in relation to him in the preceding twelve months of the date of the application for fresh start.