Section 40(1)(a) in The Industrial Reconstruction Bank Of India Act, 1984

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Union of India - Subsection

Section 40(1)(a) in The Industrial Reconstruction Bank Of India Act, 1984

(a)Where an assisted industrial concern makes any default in the payment of any dues to, or in meeting its obligation in relation to any other assistance given by the Reconstruction Bank or otherwise fails to comply with the terms of agreement with that Bank, or

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Union of India - Subsection

Section 40(1)(a) in The Industrial Reconstruction Bank Of India Act, 1984