Section 15: Mode of recovery.

The Rehabilitation Finance Administration Act, 1948Central Act · Act 12 of 1948

If the amount of loan or any instalment thereof or interest thereon which is due, in accordance with the terms of the contract or under the provisions of section 14, has not been repaid, the Administration may,—

(a) without prejudice to any other remedy provided by law, recover such loan, instalment or interest as arrears of land revenue, or

(b) take charge of the business or industry of the borrower on such terms and conditions as it may deem fit.

Where this provision sits

Act	The Rehabilitation Finance Administration Act, 1948
Section	15
Marginal note	Mode of recovery.
Jurisdiction	Central
Status	In force as published by the source

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