Recovery of Arrears of Loan as Public Demand

Any amount due to a bank or a financial institution any person respect of any amount advanced or granted under any scheme shall, apart from any other mode of recovery be recoverable as an arrear of land revenue under the Bengal Public Demand Recovery Act, 1913 (Bengal Act, 3 of 1913). Explanation:- The Provision of this section shall also apply to any amount advanced or granted by way of such loan before the date on which this Act comes into force and remaining unpaid on such day.

Explanation:- The Provision of this section shall also apply to any amount advanced or granted by way of such loan before the date on which this Act comes into force and remaining unpaid on such day.