Bare ActsThe U P Sahkari Gram Vikas Bank Act 1964

Section 20

Mortgage not to be questioned on insolvency of mortgagor

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

20. Mortgage not to be questioned on insolvency of mortgagor. - Notwithstanding anything contained in any law relating to insolvency, a mortgage executed in favour of a 1 [Gram Vikas Bank] shall not be called in question on the ground that it was not executed in good faith for valuable consideration or on the ground that it was executed in order to give the 1 [Gram Vikas Bank] a preference over other creditors of the mortgagor.

Section 20 – The U P Sahkari Gram Vikas Bank Act 1964 | DailyLaw.ai