123. Mortgages and other instruments not to be questioned on insolvency of mortgagors or executants.- Notwithstanding anything contained in the Presidency-Towns Insolvency Act, 1909 or the Provincial Insolvency Act, 1920 or any corresponding law for the time being in force, a mortgage, or any other instruments supporting the loan executed in favour of an Agriculture and Rural Development Banks shall, not be called in question in any insolvency proceedings on the ground that it was executed in order to give the Bank a preference over other creditors of the mortgagor or of the executant of the instrument.
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