Settlement Scheme for Bought-in-Land

Settlement Scheme for Bought-in-Land.—The Government or requisition authority of the institutions notified under section 71 of this Act may introduce settlement scheme for the recovery of arrear amounts before the period stipulated under section 50A of this Act for the reconveyance of the bought-in-land. The settlement entered into between the defaulter and the requisition authority after initiation of revenue recovery proceedings shall be done under prior intimation to the Collector or the authorised officer concerned.