Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in Chapter X, the Registrar or such other person as may be prescribed may, on his own motion or on the written requisition of a co-operative society or financing bank for the recovery of any loan due by a defaulting member, after such inquiry as he considers necessary or expedient, make an award directing payment by such member or by the surety of such member (whether such surety is or is not a member of the society) of the amount found to be due.