Ins. by Act 15 of 2000, s. 20 (w.e.f. 12-6-2000). — THE NATIONAL HOUSING BANK ACT, 1987

1. Ins. by Act 15 of 2000, s. 20 (w.e.f. 12-6-2000). (2) Where an approved institution, which has to recover its dues from any borrower, has filed an application to the recovery officer under sub-section (1) and the same property is also pledged, mortgaged, hypothecated or assigned to another approved institution or person, the other approved institution or person may join the approved institution at any stage of the proceedings, before the final order is passed, by making an application to that recovery officer. (3) In the application under sub-section (1) or sub-section (2), the nature and extent of the liability of the borrower to the approved institution or person, the grounds on which it is made shall be stated and it be in such form and be accompanied by such documents or other evidence as may be prescribed.

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