Recovery of arrears of loans secured on furnishing sureties

(1) The Registrar may on an application made in this behalf for the recovery of arrears of any loan or any installment thereof on furnishing a statement accounts in respect of such loans and after making such enquiries, if any, as he thinks fit, issue a certificate for recovery of the amount due; (2) A certificate issued by the Registrar under Sub-rule (1) shall be final and conclusive proof of the dues which shall be recoverable as arrear of land revenue from the sureties and the borrower jointly and severally.