Banking Regulation Act
Banking Regulation Act
IV · Section 50

Certain claims for compensation barred

Synced on 07 Jul 2026Text as per India Code

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 4[contained in sections 10, 12A, 16, 35A, 35B, 5[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].

Judgments on Section 50