Ifat any time during the currency of the loan, the value of the securityfalls below the outstanding balance of the loan, the Director may either proceed to recover in the manner laid down in sections 23, 24 and 25 so much of such balance as is not adequately covered by the then existing value of the security or accept such additional or collateral security as he may deem sufficient.
Section 28: Power to adjust security during currency of loan
The Himachal Pradesh State Aid to Industries Act, 1968State Act of Himachal Pradesh · Act 2 of 1971
Where this provision sits
| Act | The Himachal Pradesh State Aid to Industries Act, 1968 |
|---|---|
| Section | 28 |
| Marginal note | Power to adjust security during currency of loan |
| Jurisdiction | State of Himachal Pradesh |
| Status | In force as published by the source |
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