Amendment status not verified — confirm the current text below against the official source.
Gehan or mortgage or hypothecation not to be qnestwned in msolvency proceedtngs -Notwithstandmg anythmg contamed IJ'l the Insolvency Act, 1955 (2 of 1956), a Gehan created or mortgage or hypothecatiOn executed m favour of the Agncultural Develop· ment Bank or a pnmary bank, shall not l:>e,callerl m quest1on on the p-round that It was not created or executed m good faith for valuable consideratiOn or on the ground that 1.t was created or executed lD order to give such bank a preference over the other creditors of the person who created the Gehan or executed the mortgage or hypothecation. ' 0