Section 18: Debtor — Hydrogenated Vegetable Oil Industry (Control and Development) Act, 1973

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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18. Debtor.—(1) Federal Government may, by notice in writing, call upon a debtor to pay to the Federal Government, or to the managed establishment specified in such notice, the amount of money due from him to the establishment, within a period of thirtydays commencing from the date of receipt of such notice by the debtor. (2) Where a debtor fails to pay the amount due within the time specified in the notice, the Managing Director of the managed establishment to which such amount is due shall have the same powers of effecting recovery of such amount as the Industrial Development Bank of Pakistan has under sections 39, 40 and 41 of the Industrial Development Bank of Pakistan Ordinance, 1961 (XXXI of 1961), in respect of sums due to the said Bank.

Effective date: 1973-01-01

Related sections

Section 17: Prohibition to obstruct. No person shall, except under the authority of the Federal Section 19: Creditor Section 16: Continuation in service. In the case of a managed establishment, all persons employed in, by Section 20: Power to revoke contract, etc Section 15: Reorganisation of establishment Section 21: Right of shareholders

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