(1) notwithstanding anything contained in any law for the time being in force, a mortgage or charge created after the commencement of this Act by the Karta of a joint Hindu family in favour of a bank for securing financial assistance shall be binding on every member of such joint Hindu family.
(2) Where a mortgage or charge created in favour of a bank is called in question on the ground that it was created by the manager of a joint Hindu family for a purpose which was not an agricultural purpose or on any other ground, the burden of proving the same shall lie on the party alleging it.
(2) Where a mortgage or charge created in favour of a bank is called in question on the ground that it was created by the manager of a joint Hindu family for a purpose which was not an agricultural purpose or on any other ground, the burden of proving the same shall lie on the party alleging it.
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Section 1 · Short title, extent and commencement.Section 2 · DefinitionsSection 3 · Vesting of rights of alienation on agriculturists not having such righsSection 4 · Charge on crop and other movable property in favour of a bankSection 5 · Distraint and sale of produce and movablesSection 6 · Creation of charge on land in favour of a bank by decalrationSection 6-A · Transfer of charge or mortgage to land allotted during consolidation operationsSection 7 · Removal of disability in creation of charges and mortgages U.P. Act No. XI of 1966India Code, Government of India. Text fetched 18 Oct 2026. Source metadata reports last modification: 2025-07-17. Check the linked official text and subsequent notifications when applying a provision.