Mode of recovery by Collector.

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Chapter XI AGRICULTURE AND RURAL DEVELOPMENT BANKS

Statutory text

(1) Subsection (1) deleted.
(2) Any amount due to an Agriculture and Rural Development Bank (including cost of recovery thereof) shall on an application by it in this behalf be recoverable by the Collector, or any officer including an Officer of the Agriculture and Rural Development Bank specially authorised by the Collector in this behalf, in all or any of the following modes, namely :-
- (a) from the borrower-as if they were arrears of land revenue due by him;
- (b) out of the land for benefit of which the loan has been granted as if they were arrears of land revenue due in respect of that land;
- (c) from a surety (if any) as if they were arrears of land revenue due by him;
- (d) Out of the property comprised in the collateral security (if any) according to the procedure for the realisation of land revenue by the sale of immovable property other than the land on which the revenue is due.

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