Chapter IX — BORROWING

Section 194Priority of payments for interest and repayment of loans over other payments

Section 194: Priority of payments for interest and repayment of loans over other payments

194. Priority of payments for interest and repayment of loans over other payments

All payments due from [[the Corporation]] for interest on and repayment of loans shall be made in priority to all other payments due from [[the Corporation]].

Amendment notes (2)
  1. Subs w.e.f. 13-1-2012 . Subs. by Delhi Act 12 of 2011, s. 2 “the Corporation” (w.e.f. 13-1-2012).
  2. Subs w.e.f. 22-5-2022 . Subs. by Act 10 of 2022, s. 2, for “a Corporation” (w.e.f. 22-5-2022).