Para 6.2 — MSO

6.2 In respect of loans and advances, the detailed accounts of which are kept by him, the Accountant General should report without delay any default in payment either of principal or of interest to the authority which sanctioned the loan or the advance. If that authority enforces any penal interest upon the overdue instalments of interest or principal and interest or if penal interest is recoverable on overdue instalments of Principal/interest under the rules and orders issued by that authority it shall be