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.