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[Cites 0, Cited by 0] [Section 108] [Entire Act]

State of Rajasthan - Subsection

Section 108(2) in Rajasthan Co-operative Societies Act, 1965

(2)If there be any residue from the proceeds of sale, the same shall be paid to the persons proving himself interested in the property sold, if there are more such persons than one, then to such persons upon their joint receipt or according to their respective interest therein, as may be determined by Land Development Bank:Provided that before any such payments are made, the unsecured dues owing-
(a)from the mortgager to the Land Development Bank may be adjusted; and
(b)from any member or past member to whom the mortgager is indebted, may also be adjusted under the written authority given by such member and past member, and after holding such inquiry as may be deemed necessary.