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State of Madhya Pradesh - Section

Section 32 in The M.P. Shakari Krishi Aur Gramin Vikas Bank Adhiniyam 1999

32. Right of State Development Bank or District Development Bank to purchase property at sale.

- It shall be competent for the State Development Bank or a District Development Bank to purchase any property sold under this Chapter :Provided that the properly so purchased shall be disposed of by such Bank by sale within such period as may he fixed by the Trustee.