Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsDefault of payment
| 28. Where default is made in the payment of any sum of money on any loan granted to an owner cultivator or occupier of agricultural land by a prescribed bank under the provisions of this Part or under the corresponding provisions of the Agricultural Lands Law, No, 42 of 1973, whether that sum is due on. account of principal or interest or of both, default shall be deemed to be made in respect of the whole of the unpaid portion of that loan and the interest due thereon. |