(1) Notwihtstanding anything contained in any law for the time being in force, an agricualturist who has availed himself of financial assistance from a bank by creating of charge or mortgage on land or interest therein, shall not, so long as the financial assistance continues to be outstanding , lease or create any tenancy rights on such land or interest therein without prior permission in writing of the bank if he has not already leased or created tenancy rights thereon at the time of availing of the financial assiatance from the bank.
(2) Any lease granted or tenancy rights created in contravention of this section shall be void.
Regis tration of charge and mortgage in favour of banks.
Noting of charge or mortgage created in favour of a bank in the R e c o r d - of-rights.
R e s t r i c - tions on creation of tenaney by an agriculturist borrower.
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CHAPTER IV Arrangement for recovery of the dues by banks.
12. Nothing in any law shall prevent in any manner a bank from causing any land or any interest therein charged or mortgaged to it by an agriculturist to secure any financial assistance, to be attached and sold through a civil court and applying the proceeds of such sale towards all moneys due to it from that agriculturist including the cost and expenses as may be awarded by the Court :
Provided that no decree or order shall be passed by any court for the attachment and sale of any homestead land or any interest therein of an agriculturist belonging to a Schedule Tribe nor any such land or interest therein be sold in execution of a decree or order,
Explanation.- In this section "homestead" shall have the same meaning as in clause (b) of section 133 of the Tripura Land Revenue and Land Reforms Act, 1960.