Amendment status not verified — confirm the current text below against the official source.
(1) If any sum due as an instalment or part of an instalment payable under mortgage in favour of a Co-operative agriculture and rural development bank, central Co-operative bank or financing bank or primary agricultural credit Co-operative society has remained unpaid for more than one month from the date on which it fell due, the co- operative agriculture and rural development bank, Central co-operative bank, the financing bank or the primary agricultural credit co-operative society, as the case may be, may, in addition to any other remedy available to it, apply to the Registrar for recovery of such sum by distrain and sale of not more than half of the produce of the mortgaged land, the produced stored in the house and its premises and the standing 19 of 1883. 12 of 1884. PART IIIJ THE KOLKATA GAZETTE, EXTRAORDINARY, MAY 25, 2010 71 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 121-123.) crops thereon by distrain and sale of the movable property that has been acquired by the mortgagor with the amount of the loan advanced to him. (2) Notwithstanding anything contained in the Transfer of Property Act, 1882 and subject to provisions of this Act, the Registrar may on receipt of such application, signed and verified by the secretary or the manager or any other person duly authorised by the board in this behalf setting forth full particulars of the property required to be distrained and on being satisfied about correctness of such particulars, appoint a distrainer.