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Section 28: Option of hirer to purchase machinery seized for default

The Kerala State Aid to Industries Act, 1963State Act of Kerala · Act 34 of 1963

If the machinery is seized and removed under section 27, the hirer shall have the option, to be exercised within one month after such seizure, or such longer period as may be allowed by the sanctioning authority in this behalf, of purchasing the same by payment to the sanctioning authority of the unpaid balance of the value thereof, such proportion of interest on such value as may be prescribed and the cost of and the expenses incidental to such seizure and removal.

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Where this provision sits

ActThe Kerala State Aid to Industries Act, 1963
Section28
Marginal noteOption of hirer to purchase machinery seized for default
JurisdictionState of Kerala
StatusIn force as published by the source

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