(i) there has been a substantial failure by it
to comply with any of the provisions of this
Ordinance; or
(ii) it commits an act of bankruptcy within
the meaning of section 3 of the Bankruptcy
Ordinance; or
(iii) it fails to comply with a notice under
section 68,
and the expression "default" shall be construed
accordingly.
Defaults capable of remedy.
68. (1) This section shall apply in the case of any
default where it appears to the Secretary that the default
is capable of being remedied.
(2) In the case of any default to which this section
applies, the Secretary shall serve
(a) in the case of a default prior to the discharge
date, on
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