(i) if the borrower furnished any false or misleading information or suppressed any fact in obtaining the loan; or
(ii) if the borrower fails to comply with the terms and condition under which the loan has been sanctioned; or
(iii) if the Collector is satisfied that the borrower has applied any portion of the loan for purposes other than those for which it was granted; or
(iv) if the borrower has wilfully or by negligence caused material deterioration to the assets acquired with the loan; or
(v) if the borrower obstructs any person from entering any place or premises or making an inspection; or
(vi) if the borrower fails to furnish any information required by the sanctioning authority or the Collector; or
(vii) if the Collector considers it essential to effect immediate recovery of the loan in order to protect the interest of the State Government.
Section 9 • The Bihar Displaced Persons (Rehabilitation Loans) Act, 1953
9. Power to require repayment before due period.
the-bihar-displaced-persons-rehabilitation-loans-act-1953-sec-9.json
•
Section 9
{
"act_title": "The Bihar Displaced Persons (Rehabilitation Loans) Act, 1953",
"act_slug": "the-bihar-displaced-persons-rehabilitation-loans-act-1953",
"section_label": "Section",
"section": {
"number": "9",
"title": "9. Power to require repayment before due period.",
"chapter": null,
"content": "(i) if the borrower furnished any false or misleading information or suppressed any fact in obtaining the loan; or\n(ii) if the borrower fails to comply with the terms and condition under which the loan has been sanctioned; or\n(iii) if the Collector is satisfied that the borrower has applied any portion of the loan for purposes other than those for which it was granted; or\n(iv) if the borrower has wilfully or by negligence caused material deterioration to the assets acquired with the loan; or\n(v) if the borrower obstructs any person from entering any place or premises or making an inspection; or\n(vi) if the borrower fails to furnish any information required by the sanctioning authority or the Collector; or\n(vii) if the Collector considers it essential to effect immediate recovery of the loan in order to protect the interest of the State Government.",
"footnote": "",
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