Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 1] [Entire Act]

Union of India - Section

Section 52 in The National Housing Bank Act, 1987

52. [ Application of fine.

- A Court imposing fine under the Act may direct that the fine, if realised, shall be applied-
(a)firstly, in or towards payment of, the cost of the proceedings, and
(b)secondly, for repayment of the deposit to the person to whom repayment of the deposit was to be made, and on such payment, the liability of the housing finance institution to make repayment of the deposit shall, to the extent of the amount paid by the Court, stand discharged.