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Section 27: Mortgage not to be questioned on insolvency of mortga­ gor

The Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960)State Act of Kerala · Act 1 of 1960

Notwithstandmg anythmg contamed in tht:: Insolvency Act, 1955, a mortgage executed in favour of the Central Mortgage BanK or " pnmary mortgage bank, a~ the case may be, shall not be callt:d m quPstion on the ground that it was not execu 1ed in good faith for valuable considt·ralion or on the ground that 1t was executed 1n order to give suc.h mortgage bank a prefere11ce over the other creditor~ of the mortgagor.

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Where this provision sits

ActThe Kerala Co-operative Land Mortgage Banks Act, 1960 (President's Act No.1 of 1960)
Section27
Marginal noteMortgage not to be questioned on insolvency of mortga­ gor
JurisdictionState of Kerala
StatusIn force as published by the source

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