Inspection and supply of information

Any borrower who makes default in the payment of the loan or any instalments thereof shall be bound— (a) to comply with any general or special order of the Controlling Authority relating to inspection of the premises, buildings, materials and stock in hand purchased or hired by the borrower with the aid of the loan granted to him; and (b) to furnish any information which the Controlling Authority may require in respect of the purpose or purposes for which the loan was granted or of the manner in which the loan has been or is being utilised.