section 28
Power to adjust security during currency of loan
The Jammu and Kashmir State Aid to Industries Act, 1961General196147 sections6 chapters
Chapter IV Chapter IV
Statutory text
Power to adjust security during currency of loan.-If at any time during the currency of the loan, the value of the security falls below the outstanding 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.
Study data processing for this section.
PDF: pending for this language.