Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in any law for the time being in-force, a mortgage or charge created after the commence merit of this Act by the Karta of a joint Hindu family in favour of a bank for securing-financial assistance shall be binding on every member of such joint Hindu family. (2) Where a mortage or charge created in favours of a bank is called in question on the ground that it was created by the manager of a joint Hindu family for a purpose which was not an agricultural purpose or on any other ground, the burden of proving the same shall lie on the party alleging it. Modified application of section 8 of Act XXXII of 1956