(1) A co-operative land development bank or a central cooperative land development bank or a central co-operative bank or an apex housing society or a co-operative housing society shall be competent to purchase any mortgaged property sold under this Chapter but such property shall be disposed of by such co-operative land development bank or central co-operative bank or apex housing society or a cooperative housing society, as the case may be, by sale within the prescribed period or, where a Trustee has been appointed, within such period as the Trustee may specify in accordance with the rules.
(2) The provisions of sections 14M and 14Q of the West Bengal Land Reforms Act, 1955 shall not apply to land acquired by a cooperative land development bank or central co-operative land development bank or central co-operative bank or apex housing society as the raiyat by virtue of purchase under sub-section (1).
114. The title of a purchaser of any property sold under this Chapter shall not be questioned in any court by any mortgagor or his successorin-interest.
115. For the purpose of conduct of sale and delivery of possession of any property sold under this Chapter, the Registrar may, where no Receiver has been appointed by any court in respect of such property, appoint a Receiver in accordance with the provisions of the Transfer of Property Act, 1882 and determine his remuneration in the manner prescribed.
West Ben.
Act IX of
1956.
4 of 1882.
376 The West Bengal Co-operative Societies Act, 1983.
XLV of 1983.]
(Chapter X111.—Special provisions for co-operative land development bank, central co-operative bank, primary co-operative credit society and apex housing society.—Sections 116-118.)