State Act
23
Section 23. Power to call repayment before agreed period.
Punjab Schedule Castes Land Reforms and Finance Corporation Act, 1970
Act no. 9 of 19701981In 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.