Notw1thstandmg · . m — ASSAM ACT No.1 OF 1961

25. Notw1thstandmg · . m . ~nvth~ng contained in the Provincial Insolvency Act of 1920 and in any law relating to insolvency, a mortgage executed in favour mort· of a Mortgage Bank shall not be called in question hd hid id f on gg the ground that it was not q executed in good faith for valuable consideration or on the ground that it was executed in order to give the Mortgage Bank a preference over the other creditors of the mortgagor. Power of 26. Notwithstanding that a mortgage executed in favour of a Mortgage Bank has been transferred, or is money deemed under the provision of Section 21 to have grant been transferred to the Central Mortgage Bank- (a) all monevs due under the mortgage may, in the absence of any specific direction to the co.ntrary issued by the Board or Trustee and commumcated to the mortgagor, be paid to the Mortgage Bank and such payment shall be valid as if the mortgage had not been so transferred ; and B:~~ga,~e r receive and valid discharges notwitb· standing 3}si\1ment ~eedso:~g~~ Central Mortgage 'Sank. (b) the Mortgage Bank shall, in the absence of any ~pc ific direction to the contrary issued by the Board or Tiustee and communicated to the Mortgage Bank be entitled to sue on the mortgage or take any other proceedings for the recovery of the moneys due under the mortgaged . Priority of ove! certam rity l

Section 25