Amendment status not verified — confirm the current text below against the official source.
sui fh fre eee 9 yf ee fd AP a aa 8 Pe a a frat Gal A fears Pret ft ge feng Pet BB sais a, fare day 4 fren faare fa ‘wh ag vette Bran ¢ fis ae ape yf a ea TT tam ae Ee ae afin waa FG, TER Hy fo 4, dae aa apa: a eM: Bo GS fem oe A re TH, a fe yi ve afia. ae wen SE eof fae Rene de et cen] ae ser wy, frwar sei A Yun & fry fan az, aa TH eT Bike, wer He BT eH eT. “aa, fasta: nad aw ihitildieeee nace en the -Districl* Development Bank: oe weg : . 1¥. 41) Any amount payable under a security furnished in favour of the Statc Development Bank ovat Diswict Development Bank shall have priority aver any claim of the Government arising from it loan, under the Land Improvement Loans Act. 1883 (XIX of 1883) or the Agriculturisis Loans Act, I8R4 (X11 ol 1884) or under any other law for the time being in force, granted after the securily is furnishyd in favour of the State Development Bank or a District Development Bank, as the case anay be. i2) Nolwithstnading anything contained in any law for the time being in force, a security furnished in davour of the State Development Bank or a District Development Bank shall take Juecedence over any utiachment or morgage or charge aver the propertics, where, after publication afanotice in such form and manner as may be prescribed, the claim or inierest under such attachment “at morigage or charge has not been notified to thé State. Development: Bank or. the District Development Bank as the case may, be within the. tirne specified i in the said notice. 3} Newithtaniding anything contained in the “Madhya Pradesh Land’ ‘Revenue Code. 1959 Ne 20 al 19899 i br iiny other law for ‘the time being i in force, ‘whiere security furnished in favour of i District Development’ Bank i is in respect of land in which an occupa ¥ tenant. has ‘aii interest ‘the murlgagesor hypothecation may hé agains the security af sich iditerest; and the rights of the State Dev ‘clapmient Bank or Disjrict Development f Bank shall not be affected by the failure.of the. occupancy “tetiant fh cemph with thie requirements of the said Code, and the sale ar the laid and his interest there under the said Code shall be subject to the prior charge of the Staié Developmen Bank or ; 0 Notwithstanding anything contained i in the » Transfer of Property Act, 1882 (IV of 1882), a sevirity furnished or déeméd td have heen furnished in favour‘of: andl att dther' asseis ttansterred or deemed tu have been transferred to a District Development Bank shail) with effect-from the date of stich (urnishing or transfer or with effect from the date of.such execution or transfer, as the case may bende luken io have been ttaasterred-by such-District: ‘Development: ‘Banks tothe State Development — Bank, i ee Hits va nee a bee ste eh 4 wee ewer alte? “TE Where at District Development Bank has granted 4 foan for i improventient ‘of any ‘land silualed an qiy aed or ayeas covered by any specific programme. of Agricultural Development to a person appearing to the District Development Bank tu have title 10 the said land or to be in Jawful possession theree!. and the money has been either in whole or in part utilised for such improvement, any person acquiring ule to such lard an any ground whatsoever, shail’ be liable to repay to the District Development Bank so much of the loan as has been utilised for the i improvement of the land together Wilh imerest Lherean. x