Bare ActsIndustrial Development Bank of India Act, 1964

Section 36

Liquidation of Development Bank

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

No provision of law relating to the winding up of companies or corporations shall apply to the Development Bank and the Development Bank shall not be placed in liquidation save by order of the Central Government and in such manner as it may direct.

Section 36 – Industrial Development Bank of India Act, 1964 | DailyLaw.ai