Notwithstanding anything contained in any law relating to insolvency and for the time being in force, a mortgage executed in favour of a Land Development Bank shall not be called in question in any insolvency proceedings on the ground that it was not executed in good faith for valuable consideration, or on the ground that it was executed in order to give the Bank a preference over other creditors of the mortgager.
Section 79: Mortgages not to be questioned on insolvency of mortgagers -
The Rajasthan Co-operative Societies Act, 2001State Act of Rajasthan · Act 16 of 2002
Where this provision sits
| Act | The Rajasthan Co-operative Societies Act, 2001 |
|---|---|
| Section | 79 |
| Marginal note | Mortgages not to be questioned on insolvency of mortgagers - |
| Jurisdiction | State of Rajasthan |
| Status | In force as published by the source |
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