Amendment status not verified — confirm the current text below against the official source.
(1) When an application for a loan is made for any of the purposes mentioned in section 111, the public notice shall be given of the application in such manner as may be prescribed calling upon all persons interested to present their objections to the loan, if any, in person, at a, time and place fixed therein. The State Government may: from time to time prescribe the persons by whom such public notice shall be given and the manner in Which the objections shall be heard and disposed of. (2) The prescribed officer shall consider every objection submitted under sub-section (1) and make an order in writing either upholding 01‘ overruling it : Provided that, When the question raieed by an objection is in the opinion of the officer, one of such a nature that it cannot be satis- factorily decided except by a, Civil Court, he shall peS’tpone the procee- dings 0n the application until the questionrhas been SO decided. (8) A notice under sub-section (1), published in the manner prescribed shell, for the purpose of this Act, be deemed to be proper notice to all persons having or claiming interest in the land to be improved, or offered as security for the loan. (4) Subject to such rules as may be pregeribed, the Land Develop- ment Banks shall consider such applications after due enquiry for the purpose of making leans under this chapter.