16.
| (1) Where any sum of money due to any specified bank in respect of any loan given under this Act is, in the opinion of the general manager of such bank, irrecoverable, the Deputy Secretary to the Treasury shall, upon receiving a notice specifying the sum in question from such general manager, pay such sum out of the Loan Fund to the manager of such bank. |
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| (2) Any such payment by the Deputy Secretary to the Treasury shall not prejudice the rights of such bank to recover such sum of money according to due process of law : |
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Sri Lanka Consolidated Acts