Amendment status not verified — confirm the current text below against the official source.
(I) When any loan or instalment or interest Notice to pay. thereon falls due and is not paid on or before the due date or when a loan has been declared immediately repayable under section 27, the officer empowered by the '[Central Government] in this behalf may cause to be served on the borrower a notice in the prescribed manner calling upon him to pay the sums due within such time as may be fixed therein. (2) Such notice shall contain an intimation that in case of default the said officer will issue a declara- tion in the prescribed form showing the amount of the debt due and the property mentioned in the deed as liable to satisfy the same. 24, (1) If within the time so fixed the sums due Fffect of dec- are not paid, the officer empowered under section 23 laration. may issue the declaration as described in sub-section (2) of the same section, and such declaration shall be ) published in the *[Official Gazette]. sSubstituted for the words “State Government” by the Substituted A andigarh and Himachal Predesh) ( dflplatli,:gug rganisation Esgvsgun Concurrent and State Subjects) No. 2 Order, 1968. ... . . 2Substituted_ for the word, “Gazette” hy the. Government of India (Adaptation of Indian Laws) Order, 1937 Execution leclaration, inepection " and has been made under this Chapter the applicant, and urns, b AID TO INDUSTRIES (1935 : Ph. Act V 964 ' shall be conclusive evidence i tents, and shall not be cqlled into question ioxf ;;syc:(::lft b\; the borrower, his heirs, legal represen- tatives or assivgns, '[or by any meprex; of his family du Family] *[nor shall any i to a Joint Hin e icis: ule arising from or under the per- right, principle or r 2 ;:)ial’ g: lcuslt)om.ary law applicable. todthe tslfuc} [%ersgng 1 , not anything contained in the "[Punja Oy o et La o, 190 affect the validity or Alienation of Land Act, 1900, effectiveness of a mortgage executed or of a declara—q tion published under this Act, or the procedure there- in provided for enforcement thereof.] (2) Such declaration aration may be produced by the said officer, or by such other person as he may either gene- rally or specially appoint in this behalf before the principal civil court of original jurisdiction, within the local limits of whose jurisdiction any of the pro- perty liable for the debt due is situate in the same manner as a decree of which execution is sought. (3) Such decl