(1) If any creditor who has the duty to file a debt payment in accordance with section 44 or section 50 fails to file a payment in accordance with the same or files a false payment, the legal recognition of the related debt of such creditor shall be extinguished by the order of the designated authority and thereafter, in relation to such debt Creditors will not have any claim.
(2) The designated officer shall charge Rs. 500.- will be fined up to the savings levy and if the savings levy cannot be levied immediately, the designated officer will stop the next year's crop and levy the savings levy.
(2a) In accordance with this paragraph, the amount of principal and interest of agricultural loans that are not directly recoverable from the Assamese farmer shall be charged by the order of the designated officer to the person who directly recovers the amount of Rs. 500.- There will be a fine of up to five hundred and the related Vigo will also be confiscated.
(3) … … …