section 127
Time for repayment of money borrowed under section 126
The New Delhi Municipal Council Act, 1994Infrastructure1994420 sections23 chapters
Chapter IX BORROWING
Statutory text
The time for the repayment of any money borrowed under section 126 shall in no case exceed sixty years and the time for repayment of any money borrowed for the purpose of discharging any previous loan shall not, except with the express sanction of Central Government, extend beyond the unexpired portion of the period for which such previous loan was sanctioned.
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