(a) where any party to the dispute has obtained a final decision from a Court of competent jurisdiction declaring him he entitled to such debenture, issue a renewed debenture in favour of such party;
(b) refuse to renew the debenture until such a decision has been obtained; or
(c) alter such inquiry as is hereinafter provided am on consideration of the result thereof, declare by order in waiting which of the parties is in his opinion entitled to such debenture and may, after the expiration of three months from the date of such declaration, issue a renewed debenture in favour of such party in accordance with the provisions of sub-section (1), unless, within that period he has received notice that proceedings have been instituted by any person in a Court of competent jurisdiction tor the purpose of establishing a title to such debenture.
Section 109 • The Chhattisgarh Municipal Corporation Act, 1956
109. Renewal of debenture.
the-chhattisgarh-municipal-corporation-act-1956-sec-109.json
•
Section 109
{
"act_title": "The Chhattisgarh Municipal Corporation Act, 1956",
"act_slug": "the-chhattisgarh-municipal-corporation-act-1956",
"section_label": "Section",
"section": {
"number": "109",
"title": "109. Renewal of debenture.",
"chapter": null,
"content": "(a) where any party to the dispute has obtained a final decision from a Court of competent jurisdiction declaring him he entitled to such debenture, issue a renewed debenture in favour of such party;\n(b) refuse to renew the debenture until such a decision has been obtained; or\n(c) alter such inquiry as is hereinafter provided am on consideration of the result thereof, declare by order in waiting which of the parties is in his opinion entitled to such debenture and may, after the expiration of three months from the date of such declaration, issue a renewed debenture in favour of such party in accordance with the provisions of sub-section (1), unless, within that period he has received notice that proceedings have been instituted by any person in a Court of competent jurisdiction tor the purpose of establishing a title to such debenture.",
"footnote": "",
"is_definition": false,
"sort_order": 110
},
"prev_section": "108",
"next_section": "110"
}