Bare ActsThe Madhya Pradesh Co-operative Agriculture and Rural Development Bank Act 1999

Section 22

Omitted

Amendment status not verified — confirm the current text below against the official source.

Omitted. Petority of claims aver securities. Transfer and Vesting efsecurily with State Developmicnt Bank. Money horrewed for Development” of Land. Seber aa aaa ae fever stay x—saa wr Hey sik faa a3. (2) af wea fara Se or fel fre fare Sa & vg 9 a oe fat vfryfa Baum aa @ie fea wy ed faves oT ANE TT Te aTdte B, farerant ag vires eT rare, UH ATE Saale qa fora aren teen &, 9 fare Sar fren fears Sx, saM TIT feel aI TET & alates, Thren wt catia at ofr wt soa an arn &, fart whiff €, fier oni ga we wet waa ait at sim cate Ht é, Ber ah Fee or Ret eee a a AT NS fey FARA Fl THT. 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(a) air h eT STEER ter afon se ae FENN Fre aE ah TH Toa ater, Taal UH ofa Fa aT Va Fees S feet aaeH yee Vers a ae Mire Pere ea TO Tee erates wn afaehpa arate Hay zak wise afer a after eee Bt ane, a ae anita ga van tei a} on Beet Eat Bin wh een wl UH wis see Frare wIr w Beaters aH ei praia 3 a se yf a forma why dain ¢, favs cetera MT CTT BT TTT. lo bu i be CHAPTER—IV DISTRAINT AND SALE OF PRODUCE 73h Ef any instalment or any part thereof! payable under a security furnished in favour of the Suite Develapinent Bank or a District Development Bank has remained unpaid for morc than one month fra the date on whieh i fell due. the State Development Bank or the District Development Hank ai in adgition to any other remedy available tw it, apply to the Registrar for recovery of such mnstaknent or part thereat hy disiraim and sale of the produce of the land or products to which the scctirily relates. including standing crops thereon and other movable property of the defaulter. 12) On receipt of such application, the Registrar may. notwithstanding anything contained in the sale ol Goods Act 1930 (3 of 1930) or any other Law for the time being inforce lake such action as” Is meveSSary 10 distrain and ll such prexluce or Products or movable property. < 3) The State Government may, by general or special order published i in the Gazette, “declare that stich portion of the produce referrey to in sub-section (1), or raw material required to maintain Ihe ancame generating acliviy involyed as may appear tg the, State Government to be. necessary for the purpose al providing unlid.the next harvest for the due cultivation of the land or tilf completion uf current eyele of production. for ‘the support of the loanee and this family, shall be exempted from “lability to distraint anal sale under this Act. ica Cattle distrained as ; movable property ala loanee may be kept i in custody in a cattle Pound fy Use distraimer at his cast, sh tn Sue aL TR7T4, Caale SAN BE ecledged From Me Pound only ‘od the ordéf‘of Gistrainerand: in the évent ‘of nuctrcontheherng-dactiomed according (othe pravisions of Cattle Tresspass Act; the-sale proceeds, after deduction of expenditure incurred hy pound, shall be deposited with the District Development Bank. . AS) Nothing in this section shail permit the distraint and sale of the following, namely:— (i) the necessary Wearing apparel, codking vessels, beds, and bedding of the defaulter and his wife and children. and such personal ornaments as cannat,be parted with by any woman in accoordance with her religious usage; (iy tools of artisans, implements: of husbandry except an implement driven by mechanical power and such vattle and seed-grain as may, in the. opinion of the. Registrar be necessary to enable the defaulter to earn his livelihood as stich: ” (iii) ‘aitticles set aside exichisively for thie use af a religious endowment. 6) Fhe clistramt shail not be excessive and ihe value of the property distrained shall be as nearly a> possible equal to the amount dug and the expenses of the distraint and the cost of the sale: Provided-ihat any mistake, delect or-irfegularity in this respect shall not invalidate a distraint / ur sale u under this Act. , M. 41} When a distriat i is made under s section 23. the distrainer s shall SOLVE OF Cause 10 o be served upon the defaulier a written demand specifying the amount for which the distraint-is made. (2) The native af demand shali he dated and signed by the distraiier arid ‘shall be sérved upon the delaulter by delivering a copy thereof to him-or ta some adult male member of his family at his usual-place of residence or office or Registered Office or to his authorised agent, or if such service, cannot be effected. by affixing a copy of the notice af demand on some conspicuous part of his residence or office ar registered office or af the land to which the security relates. 10 isés, datwithsianiding anything cditahied in the Cattle Tresspass Act, 1871:(No. 1 Distraint when to make. Distraint when io make. , are wt ay

Section 22 – The Madhya Pradesh Co-operative Agriculture and Rural Development Bank Act 1999 | DailyLaw.ai