Section 127

Time for repayment of money borrowed under section 126.

The New Delhi Municipal Council Act, 1994

  • Act 44 of 1994
  • Ministry of Housing and Urban Affairs
About this Act

An Act to provide for the establishment of the New Delhi Municipal Council and for matters connected therewith or incidental thereto.

All sections
    The time for the repayment of any money borrowed under section 126 shall in no case exceed sixty years and the time for repayment of any money borrowed for the purpose of discharging any previous loan shall not, except with the express sanction of Central Government, extend beyond the unexpired portion of the period for which such previous loan was sanctioned.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

Scroll to Top