Inspection and supply of information

Any borrower or grantee who makes default in the repayment of the loan or any instalment or interest due thereon shall be bound:-

1. (a) to comply with any general or special order of the Controlling Authority relating to the inspection of the premises, buildings, machinery and stock in hand purchased or hired by the borrower or grantee with the aid of the loan or grant, as the case may be, made to him; and
2. (b) to furnish any information which the aforesaid authority may require relative to the purpose or purposes for which the loan or grant was made, or the manner in which the loan or grant has been or is being utilized.