Power to write off irrecoverable fee etc

The Market Committee may write off any fee/user charge or amount whatsoever

due to it, whether under a contract or otherwise, or any amount payable in addition

therewith if in its opinion such a fee/user charge or an amount is irrecoverable: Provided that the Market Committee shall, before writing off any such fee/ user

charge, or amount obtain the sanction of the Managing Director, if the fee or amount

exceed rupees Fifty thousand.