(1) Where any loan or advance granted by the Board to any institution or person is not repaid before the date specified therefor, 30[or where any other amount is due to the Board from any person or institution either under a contract or otherwise], the Board may without prejudice to any other mode of recovery, issue a certificate for the amount due to the Collector of the District concerned, and the Collector shall proceed to recover the amount in the same manner as an arrear of land revenue:
31[Provided that no certificate under this sub-section shall be issued unless the defaulter has been given an opportunity of making a representation against the action proposed:
29. Substituted for "Central Board" by Act No.5 of 1962.
30. Inserted by Act No.30 of 1981.
31. Added by Act No.30 of 1981.
Application of fund and property.
Subventions and grants to the Board.
Recovery of arrears.
[Act No. IV of 1959] 15
Provided further that it shall be lawful for the Board to issue succession certificates under this sub-section to the Collector for the realisation of its dues in full, if it is satisfied that the defaulter has come into possession of assets from which it can recover its dues.]
(2) The Board may write off irrecoverable losses with the previous sanction of the Government or the 32[Commission] as the case may be 33[subject to such limits as may be laid down in the regulations.]