APCOS Act 96अध्याय XIII · [Financing Banks/Primary Agricultural Co-Operative Societies]
धारा 96 · Right of 96. Right of [Financing Bank/Primary Agricultural Co-operative Society] [Substituted by A.P. Act No. 1 of 1987.] to pay prior debts of mortgagor:[Financing Bank/Primary Agricultural Co-operative Society] [Substituted by A.P. Act No. 1 of 1987.] to pay prior debts of mortgagor
अक्षर आकार — स्तर 1, कुल 4 में से
(1)
[Where a mortgage is created in favour of] [Substituted by A.P. Act No. 1 of 1987.] [Financing Bank/Primary Agricultural Co-operative Society] [Substituted by Andhra Pradesh Act No. 1 1987.] to pay prior debts of mortgagor:[Financing Bank/Primary Agricultural Co¬operative Society] [Substituted by Andhra Pradesh Act No. 1 1987.] for payment of prior of the debts of the mortgagor; the bank may, notwithstanding anything in the Transfer of Property Act, 1882, by notice in writing, require any person to whom any such debt is due, to receive payment of such debt or part thereof from the bank at its registered office within such period as may be specified in the notice.(2)
Where any such person fails to receive such notice or such payment, such debt or part thereof, as the case may be, shall cease to carry interest from the expiration of the period specified in the notice:Provided that where there is a dispute as regards the amount of any such debt, the person whom such debt is due shall be bound to receive payment of the amount offered by the [Financing Bank/Primary Agricultural Co-operative Society] [Substituted by Andhra Pradesh Act No. 1 1987.] towards the debt but such receipt shall not prejudice the right, if any, of such person, to recover the balance claimed by him.इस धारा पर आपका निजी नोट
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