Amendment status not verified — confirm the current text below against the official source.
Ins. by sec. 2(ii) of U.P. Act No. 17 of 1975. 312 —————————————————————————————————————————— [The Uttar Pradesh Public Moneys (Recovery of Dues) Act, 1972] (b) to any agreement relating to a loan, advance or grant given to him or relating to credit in respect of, or relating to hire- purchase of, goods sold to him, by a banking company or a Government company, as the case may be, under a State- sponsored scheme; or (c) to any agreement relating to a gurantee given by the State Government or the Corporation in respect of a loan raised by an industrial concern; or (d) to any agreement providing that any money payable thereunder to the State Government 1[or the Corporation] shall be recoverable as arrears of land revenue; and such person– (i) makes any default in repayment of the loan or advance or any instalment thereof; or (ii) having become liable under the conditions of the grant to refund the grant or any portion thereof, makes any default in the refund of such grant or portion or any instalment thereof ; or (iii) otherwise fails to comply with the terms of the agreement,– then, in the case of State Government, such officer as may be authorized in that behalf by the State Government by notification in the official Gazette, and in the case of the Corporation or a Government company the Managing Director 2[or where there is no Managing Director then the Chairman of the Corporation, by whatever name called] 3[or such owner of the Corporation or Government Company as may be authorized in that behalf by the Managing Director or the Chairman] thereof, and in the case of a banking company, the local agent thereof, by whatever name called may send a certificate to the Collector, mentioning the sum due from such person and requesting that such sum together with costs of the proceedings be recovered as if it were an arrear of land revenue. (2) The Collector on receiving the certificate shall proceed to recover the amount stated therein as an arrear of land revenue. (3) No suit for the recovery of any sum due as aforesaid shall lie in the civil court against any person referred to in sub-section (1). 4[(4) In the case of any agreement referred to in sub-section (1) between any person referred to in that sub-section and the State Government or the Corporation, no arbitration proceedings shall lie at the instance of either party for recovery of any sum claimed to be due under the said sub-section or for disputing the correctness of such claim :