1. The petitioners herein are two inhabitants of Androth Island which is one of the group of islands known by the name Laccadive, Minicoy and Amindivi Islands. In exercise of the powers under Art.240 of the Constitution of India, the President promulgated the Laccadive Minicoy and Amindivi Islands (Debt Conciliation and Grant of Loans) Regulation, 1964. This was amended by Regulation No. 3 of 1970. The object of the above Regulation is to provide for the conciliation of debts incurred by, and for the grant of loans to the inhabitants of the Union territory of Laccadive, Minicoy and Amindivi Islands. It is necessary to refer to some of the salient provisions of the Regulation, S.2 (b) defines debt-S. 3 provides for establishment of Tribunals. S.4 provides for filing of application by a debtor before the Tribunal for settlement of debt. S.S, 6, 7 and 8 deal with the procedure to be followed by the Tribunal on receipt of an application. S.9 fixes the maximum amount allowable to a creditor in settlement of a debt, and it also deals with the power of the Tribunal In the said matter. S.10 provides for an appeal to the prescribed authority from any order passed by the Tribunal