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[Cites 0, Cited by 0] [Section 95] [Entire Act]

State of Sikkim - Subsection

Section 95(1) in Sikkim Co-Operative Societies Act, 1978

(1)Where a mortgage is executed in favour of a primary agricultural credit society or the State Co-operative Bank for payment of prior debts of the mortgagor, the society or the bank may, notwithstanding anything in any law for the time being in force relating to the transfer of properties, 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.