Bare ActsThe State Bank of India Act, 1955

Section 55

No proceeding to lie in India against Imperial Bank after appointed day.

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

1 [55. No proceeding to lie in India against Imperial Bank after appointed day. -- On and from the appointed day, no person shall make any claim or demand or take any proceeding in India against the Imperial Bank or a director, officer or other employee thereof in his capacity as such director, officer or employee except in so far as may be necessary for enforcing the provisions of this Act or except in so far as it relates to any offence committed by any such director, officer or employee.]

Amended up to 2018-11-19View on India Code →
Section 55 – The State Bank of India Act, 1955 | DailyLaw.ai