State Act
93
Section 93. Right of *[an Agricultural Development Bank] or of the *[Central Agricultural Development Bank] to purchase mortgaged property.
The Telangana Co-operative Societies Act, 1964.
Act no. 7 of 19641964In forceTelangana (State Act)
93. (1) Notwithstanding anything in any other law for the time being in force, it shall be lawful for *[an Agricultural Development Bank] or the *[Central Agricultural Development Bank] to purchase any mortgaged property sold under this Chapter, and the property so purchased shall be disposed of by such bank by sale within such period as may be fixed by the Trustee. (2) Nothing in the 271[Telangana Land Reforms (Ceiling on Agricultural Holdings Act, 1973)] fixing a maximum limit of agricultural holding shall apply to the acquisition of land by *[an Agricultural Development Bank] or the *[Central Agricultural Development Bank] under sub-section (1).