Agricultural Credit Act, 1947

Sale by Land Commission of land subject to a charge in favour of the Corporation.

50.—Where—

(a) land is offered for sale by the Land Commission under any statutory power in that behalf vested in them, and

(b) such land is subject to a charge in favour of the Corporation to secure the repayment of money, and

(c) such money is expressed in the instrument of charge to have been advanced for permanent improvement purposes and for no other purpose.

such land shall be sold subject to such charge in addition to any other charge, incumbrance or liability subject to which such land is required to be sold.