State Act
25
Section 25. First charge of Corporation's dues.
The Himachal Pradesh Antyodaya Corporation Act, 1979
Act no. 17 of 19791979In forceHimachal Pradesh (State Act)
25. First charge of Corporation's dues.- Notwithstanding anything contained in any law for the time being in force, but subject to the provisions in any law made by the Parliament relating to priority of charges and to any prior claim of a bank or of the Government in respect of land revenue or any money recoverable by it as arrears of land revenue, the dues of the Corporation as determined under the preceding section of this Act together with interest accrued thereon and costs of recovery shall be the first charge on the property of the debtor and the guarantor if any.