Section 194: Priority of payments for interest and repayment of loans over other payments

All payments due from [[the Corporation]] for interest on and repayment of loans shall be made in priority to all other payments due from [[the Corporation]].

Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.

Supreme Court judgments citing the section 194

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