Bare ActsThe JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989

Section 120

Rights of debenture holders.

Amendment status not verified — confirm the current text below against the official source.

The holders of the debentures shall have floating charge on— (a) all such mortgages and assets as are referred to in section 115 ; (b) the amount paid under such mortgages and remaining in the hands of the Housefed or of the trustee ; and (c) the other properties of Housefed.

Section 120 – The JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989 | DailyLaw.ai