Bare ActsThe Tamil Nadu Maritime Board Act, 1995

Section 65

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

Ths Government shall hav~ LL ivspect of loans made by it to the Buard the Remtdies ot same remedies as h3ldcrs of Board securities issued by the Board; anc, the Govern- Governmenth mcnt shall not be deemed to pwsess any prior or greater rights in respect of st~chloans IW=~ of 1oans tila11 holders of such Yoard secl~rit ies: m: de to Board Provided that when the telm; of any such Idan made before theappointed day expressly provide that the loan shall have,p;iqrity over aQ other loans In the matter I of repayment by the Board, such loan shall have priority. I

Section 65 – The Tamil Nadu Maritime Board Act, 1995 | DailyLaw.ai