CourtMesh

Section 1990: 45. Recovery of arrears of loans secured on furnishing sureties

The Uttar Pradesh Sahkari Gram Vikas Bank Rules 1971State Rules of Uttar Pradesh · 1964

(1) The Registrar may on an application made in this behalf for the recovery of arrears of any loan or any instalment thereof on furnishing a statement a accounts in respect of such loans and after making such enquiries, if any, as he thinks fit, issue a certificate for recovery of the amount due.

(2) A certificate issued by the Registrar under sub-rule (1) shall be final and conclusive proof of the dues which shall be recoverable as arrear of land revenue from the sureties and the borrower jointly and severally.

================== Annexure I (See Rule 9) Scale of fees Rs.

(a) For an application for the distraint and sale of the produce of the mortgaged land at the rate of Rs. 1 per hundred rupees subject to a maximum of rupees one hundred.

2.50

(b) For each notice under the proceedings 2.50

(c) For the distraint of movable properly of each defaulter

2.50

(d) For beat of drum for publicity prior to sale per day for each sale

2.50

(e) Sale fee for each sale 2.50 Form I (See Rule 8)

1. Name of defaulter.

2. Amount due for which distraint and sale is sought.

Principal Rs. P.

Interest Costs Total

3. Due date of the instalment

4. Particulars of the property:

(a) location and specification

(b) Whether standing crop or Produce lying in field or in the store with exact location.

5. Value of the property.

Signature of Secretary/Branch Manager/ Land Valuation Officer U.P.Sahkari Gram Vikas Bank Ltd.

Certified that the Above statement of accounts is correct on the basis of records maintained in Bank.

Signature Designation Form II (See Rule 9) Demand Notice should specify

1. Name of the defaulter..........................s/o.............. with address.

2. Amount due- Rs. P.

(a) Principal

(b) Interest

(c) Costs Total Signature Dated Copy to-

(1) Recovery Officer.

(2) Defaulter.

Dated Signature Designation.

Form III (See Rule 42) To, The Registrar, The undersigned submits the following information for further necessary action:

1. Name of the Gram Vikas Bank.

2. Name of the borrower member.

3. The amount which is due against the member:

(a) Principal

(b) Interest

(c) Penal interest

(d) Others

(e) Total

4. The plots sold for recovery of overdue amount.

5. Name of Village, Pargana, Tehsil.

6. Khasra Number and Area.

7. The amount received from the sale of the above plots.

8. The date on which sale affected.

9. The name of the purchaser with parentage and full address.

Signature of Sale Officer.

[Form IV] (See Rule 43) Certificate of Sale of Land This is to certify that Sri......................... s/o........... resident of......... P.O...................

District..................... has been declared the purchaser at a sale by public auction on the....... day of..............., 19. ..... , of the land described below and that the said sale has become absolute. The purchaser shall be entitled to have possession over the auctioned land from the date of issue of sale certificate.

1. Sale certificate no.

2. Name of the auction purchaser (with full address)............

3. Date of sale...................

4. Date of sale becoming absolute..............

5. Sale price...................

6. Name (s) of defaulter loanee member (with full address) ...............s/o...............

...............s/o...............

...............s/o...............

...............s/o...............

7. Description of the property sold in public auction.

Serial No.

Name of Village Pargana Tehsil District Kind of Tenancy right Khasra No. Area 1 2 3 4 5 6 7 8 Given under may hand and seal of the office. This.........., day of............, 19....

Designation and Seal.

Copy to the Sub-Registrar (Registration), district........... Dated..............., 197........

Designation and Seal.

Copy also to be [Gram Vikas Bank] Designation and Seal.

Where this provision sits

ActThe Uttar Pradesh Sahkari Gram Vikas Bank Rules 1971
Section1990
Marginal note45. Recovery of arrears of loans secured on furnishing sureties
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Uttar Pradesh Sahkari Gram Vikas Bank Rules 1971 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.