119. ORDER GRANTING LOAN CONCLUSIVE OF CERTAIN MATTERS
A written Order by the Agriculture and Rural Development Bank, or persons or committee, authorised under the by-laws of the Bank to make loans for or certain all or any cf the purposes specified in section 111, granting, either before or after matters, the commencement of this Act, a loan to or with the consent of a person mentioned therein, for the purpose of carrying out the work specified therein for the benefit of the lands or for the productive purpose or for the porpuse of dwellings house in rural area] specified therein, shall for the purposes of thi^ Act be conclusive of the following matters, that is to say,—
(a) that the work described or the purpose for which the loan is granted is an. improvement or productive purpose or for the purpose of dwellings house in rural area, as the case may be, with the meaning of section 111:
(b) that the person had at the date of the order a ritgh to make such an improvement or incur expenditure for productive purpose or for the purpose of dwelling house in rural area, as the case may be and
(c) that the improvement is one benefiting the land or such dwelling house specified and productive purpose or for the purpose of dwelling house in rural area concerns the land or such dwelling house offered in security, or any part thereof as may be relevant.