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[Cites 0, Cited by 0] [Section 16] [Entire Act]

State of Karnataka - Subsection

Section 16(4) in Karnataka Co-Operative Textile Mills (Acquisition and Transfer) Act, 1986

(4)The interest accruing on the amount standing to the credit of the deposit account referred to in sub-section (2) shall ensure to the benefit of the lessor, lessee [owner of land and other interested persons.] [Substituted by Act 20 of 2005 w.e.f. 30.06.1986]