Definition of Schedule

The Market Committee may write off any fee/user charge or amount whatsoever due to it, whether under a contract or otherwise, or any amount payable in addition therewith if in its opinion such a fee/user charge or an amount is irrecoverable:

Provided that the Market Committee shall, before writing off any such fee/user charge, or amount obtain the sanction of the Managing Director, if the fee or amount exceeds rupees twenty five thousand.