Amendment status not verified — confirm the current text below against the official source.
Mortgage not to be questioned on insolvency of mortga- gor.-Notwithstandmg anythmg contamed in tht:: Insolvency Act, 1955, a mortgage executed in favour of the Central Mortgage BanK or " pnmary mortgage bank, a~ the case may be, shall not be callt:d m quPstion on the ground that it was not execu 1ed in good faith for valuable considt·ralion or on the ground that 1t was executed 1n order to give suc.h mortgage bank a prefere11ce over the other creditor~ of the mortgagor. 13