Bare ActsThe Tripura Agricultural Credit Operation Act, 1976

Section 13

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

(1) An official of the State Government notified by the State Gov- ernment as the prescribed authority for the purpose of this section may, on the application of a bank, make an order on any agriculturist or his heir or legal representative, directing the payment of sum due to the bank on ac- count of financial assistance availed of by the agriculturist, by the sale of any land or any interest therein upon which the payment of such money is charged or mortgaged : Provided that no order shall be made by the prescribed authority under this section for the sale of any land or any interest therein or any other im- movable property upon which the payment of money is charged or mort- gaged unless the agriculturist or the heir or legal representative of the agri- culturist, as the case may be, has been served with a notice by the prescribed authority calling upon him to pay the amounts due. (2) Every order passed by the prescribed authority in terms of sub- section (1) shall be deemed to be a decree of a civil court and shall be executed in the same manner as a decree of such court. (3) Nothing in this section shall debar a bank from seeking to enforce its rights in any other manner open to it under any other law for the time being in force. Removal of bar to attach- ment and sale by process of court. Recovery of dues of a Bank thro- ugh a pre- scribed au- thority. 8

Section 13 – The Tripura Agricultural Credit Operation Act, 1976 | DailyLaw.ai