Bare ActsThe Manipur Co-Operative Societies Act, 1976

Section 137

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

(1) Notwithstanding anything contained in Section 91 on an application made by a Land Development Bank for the recovery of arrears of any sum advanced by it tn any of its members and on its furnishing a statement of accounts in reapect of the arrears, the Regis- trar may, after making Such enquiries as he deems fit, grant a certificate for the recovery of the amount stated therein to be due as arrears. (2) A certificate by the Registrar under eub-seetion (1) shall be final and conclusive as to the arrears due. The arrears stated to be due therein ehall be recoverable according to the law for the time being in force for the recovery of arrears of land revenue. (3) It shall be competent for the Registrar or a person authorised by him? to direct conditional attachment of the property of the mart- gagor until the arrears due to the Land Devalopment Bank together with interest and any incidental charges incurred in recoVery of such arrears, are paid or security for payment of such arrears is furnished to the satisfaction of the Registrar and the provisions of section 95 shall apply mutatis mutandis to conditional attachment of any property made or to be made under this section.

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