THE JAMMU AND KASHMIR CO-OPERATIVE SOCIETIES ACT, 1989
Section 120. Rights of debenture holders.
The holders of the debentures shall have floating charge on—
(a) all such mortgages and assets as are referred to in section 115 ;
(b) the amount paid under such mortgages and remaining in the hands of the Housefed or of the trustee ; and
(c) the other properties of Housefed.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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