Part III — Suspension Of Business And Winding Up Of Banking Companies

Section 39 — Reserve Bank to be official liquidator

Banking Regulation Act, 1949 · Preview

[39. Reserve Bank to be official Liquidator.-- [(1)] Notwithstanding anything contained in section 38A of this Act or in section 448 or section 449 of the Companies Act, 1956 (1 of 1956), where in…