271E. Penalty for failure to comply with the provisions of section 269T.

[(1)] If a person repays any [loan or deposit] [or specified advance] referred to in section 269T otherwise than in accordance with the provisions of that section, he shall be liable to pay, by way of penalty, a sum equal to the amount of the [loan or deposit] [or specified advance] so repaid.]

[(2) Any penalty imposable under sub-section (1) shall be imposed by the [Joint Commissioner].]