Restrictions on creation of tenaney by an agriculturist borrower.

(1) Notwihtstanding anything contained in any law for the time being in force, an agricualturist who has availed himself of financial assistance from a bank by creating of charge or mortgage on land or interest therein, shall not, so long as the financial assistance continues to be outstanding , lease or create any tenancy rights on such land or interest therein without prior permission in writing of the bank if he has not already leased or created tenancy rights thereon at the time of availing of the financial assiatance from the bank. (2) Any lease granted or tenancy rights created in contravention of this section shall be void.