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[Cites 0, Cited by 0] [Section 18] [Entire Act]

State of Arunachal Pradesh - Subsection

Section 18(2) in Arunachal Pradesh Money Lending (Regulation) Act, 2018

(2)If upon holding the inquiry as per sub-section (1), the District Registrar is satisfied that the immovable property came in possession of the moneylender as a security for loan advanced by the money-lender during the course of money-lending, the District Registrar may, notwithstanding anything contained in any other law for the time being in force, after recording the reasons in writing, declare the instrument or conveyance as invalid and may order restoration of possession of the property to the debtor who has executed the instrument or conveyance as a security or to his heir or successor, as the case may be.