Section 53
Enforcement of securities
ActIn forceProvision 54 of 69
Section 53
Where any property charged or mortgaged to the Authority or a board as security for a loan under this Act is sold for the purpose of the enforcement of the security the Authority or such board may on a sale by public auction buy such property and may either manage and hold such property or sell or otherwise dispose of it as it may deem fit.
Offences in respect of loans