Rehabilitation Finance Administration Act : Mode of recovery. Indian Bare Acts :

Rehabilitation Finance Administration Act,1948

Act No : 12

Section : Mode of recovery.

15. Mode of recovery. 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 interests as arrears of land revenue, or ------------------------------------------------------------------- 1 The words "or a State" omitted by Act 36 of 1957, s. 3 and Sch. II. 2 Subs, by Act 36 of 1953, s. 4, for "ten". 9 (b) take charge of the business or industry of the borrower on such terms and conditions as it may deem fit.