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Section 29: Power to recover loans

The Himachal Pradesh State Aid to Industries Act, 1968State Act of Himachal Pradesh · Act 2 of 1971

Ifthe borrower fails to comply with any order under clause (a) of section 26 or does not permit or obstructs the inspection of the accounts relative to the industry or makes default in respect of anyof the particulars specified in clauses (c), (d) and (e) of the said section, or if the borrower disposes of profits in contravention of the provisions of section 33, the Director may, after considering any representation the borrower may make within such time as the State Government may allow in this behalf, proceed to recover the loan in the manner laid down in sections 23, 24 and 25.

Where this provision sits

ActThe Himachal Pradesh State Aid to Industries Act, 1968
Section29
Marginal notePower to recover loans
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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