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[Cites 0, Cited by 0] [Section 118(3)] [Section 118] [Entire Act]

State of Tripura - Subsection

Section 118(3)(a) in The Tripura Co-operative Societies Act, 1974

(a)where debentures are issued against mortgages held, the aggregate of-
(i)the amount due on the mortgages;
(ii)the value of the properties and other assets transferred by the members to the co-operative land development bank and subsisting at such time; and
(iii)the amounts paid under the mortgages aforesaid and the unsecured amounts remaining in the hands of the co-operative land development bank or the Trustee at the time;