Amendment status not verified — confirm the current text below against the official source.
If at any time during Ihe currency of the Ioan, ~e value of the security falls below the outstanding balance of the loan, the Dircctor may eilher proceed to recoverin the manner laid down in sections 23,24 and 25 so much of such -balance as i s not adequaiely covered by the lhcn cxisting value of the security or accept such additional or collateral s~curily as he may deem suIficicnl. 29.. If the borrower fails to comply with-any order under clause (a) of section- 26 or does not permit or; obstructs the inspection of the accounls rclative ro the industry or makes default in respect of any or the particulars sepcified in clauses (c), (d) and (e) of the said section, or if the borrower disposes of any profirs in contravention of the provisions of section 33, the Director may, after considering any representation the borrower may make withiri such time as the '[State] CiovcmmenL may allow in this behalf, proceed. 10 recovcr the loan in thc manner laid down in seclions 23.24 and 25.