(1) Where any amount is due to the Corporation from any person, including the surety of a debtor, in respect of loans, advances, grants, subsidies or any other financial accommodation granted by it, such amount shall on a certificate being issued by the managing director in the prescribed form, be recoverable as arrears of land revenue by the Collector of the district in which the person from whom the amount is due resides or carries on business or owns any property.
(2) The Certificate issued by the managing director under sub-section
(1) shall be final and conclusive and shall not be called in question before any authority or court.
(3) For the purpose of recovering any amount due to the Corporation in respect of the loan or any other advance, it shall not be necessary to proceed against the principal before proceeding against the surety.