Banking Regulation Act
Banking Regulation Act
III · Section 45P

Reserve Bank to tender advice in winding up proceedings

Synced on 07 Jul 2026Text as per India Code

Where in any proceeding for the winding up of a banking company in which any person other than the Reserve Bank has been appointed as the official liquidator and the High Court has directed the official liquidator to obtain the advice of the Reserve Bank on any matter (which it is hereby empowered to do), it shall be lawful for the Reserve Bank to examine the record of any such proceeding and tender such advice on the matter as it may think fit.

Judgments on Section 45P