Confirmation of sale

(1) On effecting the sale by a co-operative land development bank under section 133, the bank shall, in the prescribed manner, submit to the State Government a report setting forth the manner in which the sale has been effected and the result of the sale, and the co-operative land development bank may, with the approval of the State Government confirm the sale or cancel it. (2) Where the sale is effected by the co-operative land development bank of the Trustee under section 133, the co-operative land development bank or the Trustee, as the case may be, shall in the prescribed manner, submit to the State Government a report setting forth the manner in which the sale has been egected and the result of the sale, and the State Government may confirm or cancel the sale.