Bare ActsThe Banking Regulation Act, 1949

Section 50

Certain claims for compensation barred

Amendment status not verified — confirm the current text below against the official source.

No person shall have any right, whether in contract or otherwise, to any compensation for any loss incurred by reason of the operation of any of the provisions 1 [contained in sections 10, 12A, 16, 35A, 35B, 2 [36, 43A and 45] or by reason of the compliance by a banking company with any order or direction given to it under this Act].

Section 50 – The Banking Regulation Act, 1949 | DailyLaw.ai