Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in any law relating to insolvency for the time being in force, a mortgage executed in favour of Co-operative agriculture and rural development bank, financing bank or a primary agricultural credit Co-operative 70 THE KOLKATA GAZE I 1E, EXTRAORDINARY, MAY 25, 2010 [PART III Priority of mortgage over certain loans.. Constructive borrowings. Power to distrain and sale. The West Bengal Co-operative Societies Act, 2006. (Chapter XIII.—Special provision for Co-operative agriculture and rural development bank, Central Co-operative bank, primary credit Co-operative society and apex housing society.—Sections 118-120.) society 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 said bank preference over the creditors of the mortgagor.