Gujarat Co-operative Societies Act, 1961
Notwithstanding anything contained in section 124, all moneys due under the mortgage shall, unless otherwise directed by the [State Land Development Bank] or the Trustee and communicated to the mortgagor, be payable by the mortgagor to the [Primary Land Development Bank] and such payment shall be as valid as if the mortgage had not been so transferred under that section and the [Primary Land Development bank] shall in the absence if any specific direction to the contrary issued by the [State Land Development bank] or the trustee and communicated to it be entitled to sue on the mortgage or take any other proceeding for the recovery of the moneys due under the mortgage.