Chapter III — R Companies And Co-Operative Banks Corporation To Depoitors

Section 18 — Manner of payment by corporation in case of scheme of compromise or arrangement or of reconstruction or amalgamation in respect of an insured bank

Deposit Insurance and Credit Guarantee Corporation Act, 1961 · Preview

(1) Where a scheme of amalgamation of any insured bank with any other banking institution (hereinafter referred to as the transferee bank) or a scheme of compromise or arrangement or of…