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14. No sell by auction

14. No sell by auction :

(1) Notwithstanding anything contained in the prevailing law, no property of the Trust shall be sold by auction, or forfeited for recovery of any loan taken by any person by keeping the property of the Trust as a bond of security (guarantee) before the  commencement of this Act.

Provided that, this provision shall not be applied in the case of the property kept under the bond of security (guarantee) before 2058 Jestha 18.
(2) A bank or a financial institution, which has provided a loan to any one by taking the property of the Trust as a bond of security (guarantee) pursuant to Sub-section (1), may recover its loan from any other property, other than the property of security bond, of the concerned person who has given such bond.

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