Recovery of debts

Recovery of debts:—

1. (1) Notwithstanding anything to the contrary in any law for the time being in force, the Registrar may, on the application of a society, a financing bank or a federal society, as the case may be, and after giving an opportunity of being heard to the parties, pass an order for the recovery of any amount due and payable by a member, a past member, a deceased member or a nominee, heir or legal representative of a deceased member to the society, the financing bank or the federal society, as the case may be: Provided that the decision of the Registrar under this sub-section shall not be subject to any suit in a civil court after the expiry of the period of limitation prescribed under this Act.
2. (2) Where an order is passed under sub-section (1), the Registrar or any person authorised by him shall, on the application of the society, the financing bank or the federal society concerned, recover the amount specified in the order together with interest and the costs, if any, by the attachment and sale of the property of the person against whom such order has been passed.
3. (3) Any amount ordered to be recovered under this section or any other section of this Act shall be recoverable in the same manner as an arrear of land revenue.