20. Mortgage not to be questioned on insolvency of mortgagor. - Notwithstanding anything contained in any law relating to insolvency, a mortgage executed in favour of a [Gram Vikas Bank] shall not be called in question 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 [Gram Vikas Bank] a preference over other creditors of the mortgagor.
Section 20: Mortgage not to be questioned on insolvency of mortgagor
The U P Sahkari Gram Vikas Bank Act 1964State Act of Uttar Pradesh · Act 16 of 1964
Where this provision sits
| Act | The U P Sahkari Gram Vikas Bank Act 1964 |
|---|---|
| Section | 20 |
| Marginal note | Mortgage not to be questioned on insolvency of mortgagor |
| Jurisdiction | State of Uttar Pradesh |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted, U.P. Act No. 19 of 1994. Subs. by U.P. Act No. 19 of 1994
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