State Act
23
Section 23. Power to call repayment before agreed period.
The Punjab Backward Classes Land Development Act, 1976
Act no. 27 of 19761976In forcePunjab (State Act)
23. Notwithstanding anything to the contrary contained in any agreement, the Corporation may, by notice in writing, require any debtor to discharge forthwith in full his liabilities to the Corporation - (a) if it appears to the Board that any false or misleading information or particular was given in the application for loan; (b) if the debtor has failed to comply with any of the terms of the agreement entered into by him with the Corporation; (c) if there is a reasonable apprehension that the debtor is unable to pay the money due from him; or (d) if for any other reason it is necessary to do so to protect the interests of the Corporation.