The Delhi Municipal Corporation Act, 1957 · IX — BORROWING

Section 194. Priority of payments for interest and repayment of loans over other payments

In force · As amended up to 2026-08

194. Priority of payments for interest and repayment of loans over other payments.— All payments due from[1] [[2] [the Corporation]] for interest on and repayment of loans shall be made in priority to all other payments due from[1] [[2] [the Corporation]]. 1. Subs. by Delhi Act 12 of 2011, s. 2 "the Corporation" (w.e.f. 13-1-2012). 2. Subs. by Act 10 of 2022, s. 2, for "a Corporation" (w.e.f. 22-5-2022). 3. Subs. by Delhi Act 12 of 2011, s. 2 "the Corporation" (w.e.f. 13-1-2012). 4. Subs. by Act 10 of 2022, s. 2, for "A Corporation" (w.e.f. 22-5-2022).

Source: India Code