Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAction by Authority where default is made
| 42. Where under the provisions of this Act default is made or is deemed to be made in respect of the whole of the unpaid portion of any loan and the interest due thereon, the Authority may, in the discretion of that Authority, take action as specified either in section 44 or in section 46 and where in any case the Authority takes action or commences to take action in accordance with section 44 that Authority may at any time thereafter take action in that case under section 46 if that Authority deems it necessary to do so. |