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Section 15

Section 15. Exemption to Banks from restriction on acquisition of land in exercise of ceiling

nothing in any law for the time being in force placing a ceiling or limit on the holding of land shall apply to a bank acquiring land in terms of section 14 and holding such land till such time the banks is in a position to sell the land in the manner provided in section 14 or otherwise, at a price which is adequate to cover its dues.