State · Karnataka

Section 64 of THE KARNATAKA MARITIME BOARD ACT, 2015

have in respect of loans raised by it to the Board the same remedies as holders of Board securities issued by the Board; and the Government shall not be deemed to possess any prior or greater rights in respect of such loans than holders of such Board securities: Provided that when the terms of any such loan made before the appointed day expressly provide that the loan shall have priority over all other loans in the matter of repayment by the

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63PreviousSection 63 Security for loans taken by the Board.- All loans raised by the Board under this Act 65NextSection 65 Board, such loan shall have priority.