Finance Leasing Act 2000 · இயற்றப்பட்டவாறு · Part II · Duties of Lessors, LessuEs AND SUPPLIERS
20. Default by lessees
கருத்துகள் மற்றும் உதவிஅதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள அல்லது தமிழ் உரையிலிருந்து வேறுபடும் இடங்களில் எந்த உரை மேலோங்கும் என்பதைச் சட்டமே குறிப்பிடுகிறது.
Where a lessce fails to comply with certain terms and conditions of the finance lease in such circumstances as would amount to a substantia! failure of such lease, the lessor may, subject to the provisions of section 21—
require the lessee to make accelerated payment of the monies due under the lease, where the Icase so provides ; or
lessee
“lessee”, in relation to a fiance lease, means a person who acquires a right to possession and use of an equipment under the lease;
where a lessee fails to make accelerated payments as required under paragraph (a), terminate the finance lease and-—
recover possession of the equipment provided ; and
recover such damages as would place the lessor in a position the lessor would have been if the lessee had complied with the provisions of the finance lease in accordance with its terms and conditions.