22.
| (1) The appropriate authority may at any time, in the discretion of that authority and without assigning any reason therefor, by written order direct that, within the time specified in that behalf in the order,-
| | (a) additional security for a loan granted by that authority be provided to the satisfaction of that authority, and | | |
| | (b) a loan granted by that authority be repaid either in full or in part. | | |
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| (2) Where an order issued under sub-section (1) in respect of a loan is not complied with within the time allowed therefor by the order, default shall be deemed to be made in respect of the whole of the unpaid portion of that loan and the interest due thereon up to date, and, where that loan was granted on the mortgage of any land, the provisions of sections 30 to 46 shall apply to and in relation to that loan. |
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Sri Lanka Consolidated Acts