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Section 19: Power to call repayment before agreed period

The Himachal Pradesh Ex-servicemen Corporation Act, 1979State Act of Himachal Pradesh · Act 8 of 1980

Notwithstanding anything to the contrary contained in any agreement, the Corporation may, by notice in writing, require any debtor to discharge forthwith in full his liabilities to the Corporation,-

(a) if it appears to the Corporation that any false or misleading information or particular was given in the application for loan;

(b) if the debtor has failed to comply with any of the terms of the agreement entered into by him with the Corporation;

(c) if there is a reasonable apprehension that the debtor is unable to pay the money due from him; or

(d) if for any other reason it is necessary to do so to protect the interests of the Corporation.

Where this provision sits

ActThe Himachal Pradesh Ex-servicemen Corporation Act, 1979
Section19
Marginal notePower to call repayment before agreed period
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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