(2) If the Administrator is satisfied that a debtor has no property, movable or immovable, other than the property secured by the debtor to the creditor for the advance of the debt and that the property secured as aforesaid will be sufficient security for the loan, he may grant the loan on the security of that property in which case the loan granted shall be paid by the Administrator to the creditor for and on behalf of the debtor.
(2) Where any loan is paid to the creditor under sub-section (1), the debt due to the creditor from the debtor shall be deemed to have been fully discharged and the creditor ^hall cease to have any right over the properties secured to him and all such rights shall stand transferred to and vest in the Administrator.
Procedure as to secured debts.
14. All loans granted under section 12 and interest, if any, chargeable thereon and cost, if any, incurred in making the same shall, when they become due, be recoverable in the prescribed manner.
Loans recoverable in the prescribed manner, SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 289
15. Evory tribunal shall have, for the purposes of this Regulation, all the powers of a civil court while trying a suit under the Code of Civil Procedure, 1908, in relation to the following matters, namely: —
(a) summoning and enforcing the attendance of any person and examining him on oath;
(b) requiring the discovery and production of any document;
(c) reception of evidence on affidavits;
(d) requisitioning any public record from any court or office;
(e) issuing commission for the inspection of property or for examination of witnesses;
(f) inspection of property.
16. No civil court shall entertain any suit in respect of any matter pending before a tribunal or the prescribed authority or the Administrator under this Regulation and no injunction shall be granted by any cotnt or other authority in respect of action taken or proposed to be taken in pursuance of any power conferred by or under this Regulation.
17. During the pendency of an application, appeal or revision before a tribunal, the prescribed authority or Administrator, as the case may be, in relation to the settlement of any debt, any suit or other proceeding before a civil court in respect of such debt shall not be proceeded with until and unless the application, appeal or revision has been disposed of.
18. No suit, prosecution or other legal proceeding shall lie against the Government, any officer of the Government, a tribunal or the prescribed authority for anything which is in good faith done or intended to be done in pursuance of this Regulation or any rule made thereunder.