State Act
28
Section 28. Power to adjust security during currency of loan.
The Himachal Pradesh State Aid to Industries Act, 1968
Act no. 2 of 19711971In forceHimachal Pradesh (State Act)
28. Power to adjust security during currency of loan.-If at any time during the currency of the loan, the value of the security falls below the outstanding balance of the loan, the Director may either proceed to recover in the manner laid down in sections 23, 24 and 25 so much of such balance as is not adequately covered by the then existing value of the security or accept such additional or collateral security as he may deem sufficient.