26. If the Government decides for reasons to be recorded in writing to terminate aid in respect of an industry on any of the following grounds, namely:- (i) that any portion of the aid given has been misapplied, or (ii) that there has been a breach by the owner of the industry of the provisions of this Act or of any rule made thereunder or of any condition of the grant, or (iii) that the application on which the aid has been granted contained, or was accompanied by, any material statement by the owner which he knew to be false, or any intentional concealment by him of any material fact, which in the opinion of the Government it was his duty to disclose, or that any such false statement or concealment was intentionally made in any inquiry made under this Act by or with the connivance of the owner or in any return under this Act, or in reply to any requisition for information under this Act, or (iv) that the industry is being managed in such a manner as to endanger the repayment of the value of State aid granted thereto repayable under this Act, the Government may make an order that the aid be terminated and, notwithstanding anything contained elsewhere in this Act or in any other enactment, may proceed to recover from the owner as a public demand (a) the whole amount of any loan outstanding, together with such interest as may be due thereon, or (b) in cases where the aid is given otherwise than by loan, the money value of the grant as fixed at the time when it was made, together with interest at a rate not exceeding twelve and a half per cent. from the date of the grant till the date of realisation, and (c) in the cases mentioned in clause (a) or clause (b) the cost of recovery, and, if the Government so directs, the cost of any inquiry made in connection therewith, and such order shall be final.