section 28
Power to adjust security during currency of loan
The Himachal Pradesh State Aid to Industries Act, 1968General196848 sections6 chapters
Chapter IV PROVISIONS REGULATING THE GIVING OF STATE AID
Statutory text
Ifat any time during the currency of the loan, the value of the securityfalls below the out- standing balance of the loan, the Director may either proceed to recover in the manner laid down in sections 23, 24 and 25 so much of such balance as is not adequately covered by the then existing value of the security or accept such additional or collateral security as he may deem sufficient.
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