Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsDefault of payment
| 29. Where default is made in the payment of any sum payable as an instalment in repayment of the amount of any loan, overdraft or other accommodation granted by the Bank on the mortgage of any immovable property or as interest on that loan, overdraft or other accommodation, default shall be deemed to have been made in respect of the whole of such portion of the amount of that loan, overdraft or other accommodation as has not been repaid to the Bank and the interest due thereon. |