Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAction by appropriate authority where default is made
| 30. Where, under the provisions of this Chapter. default is made or is deemed to be made in respect of the whole of the unpaid portion of any loan and the interest due thereon, the appropriate authority may with the prior written approval of the Board, take action as specified either in section 31 or in section 33; and where in any case the appropriate authority takes action or commences to take action in accordance with section 31, that authority may at any time thereafter take action in that case under section 33 if that authority deems it necessary to do so. |