Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in the Transfer of Property Act, 1882, where a power of sale without the intervention of court is expressly conferred on a [Gram Vikas Bank]4 [by a declaration of charge made or mortgage deed]1 executed before or after, the commencement of this Act, the managing committee of such bank or any person authorized by such committee in this behalf shall, in case of default in payment of the [money due under the mortgage or charge]2 or any part thereof, have power, in addition to any other remedy available to the said bank, [to bring the property subject to any mortgage or charge to sale]3 without -the intervention of the court.