Provided that prior to winding up, "no objection" from the institutional lenders, who have outstanding loans… — AMENDING ACT

[Provided that prior to winding up, "no objection" from the institutional lenders, who have outstanding loans from the society, shall be required in writing.

1 [Provided that prior to winding up, "no objection" from the institutional lenders, who have outstanding loans from the society, shall be required in writing. Explanation.—For the purposes of this proviso, the expression " institutional lenders " includes banks, savings and loan association, trust company, insurance company, real estate investment trust, pension fund and the like.]

Section 1