Banking Regulation Act : Appeals. Indian Bare Acts :

Banking Regulation Act,1949

Act No : 10

Section : Appeals.

45N. Appeals.- (1) An appeal shall lie from any order or decision of the High Court in a civil proceeding under this Act when the amount or value of the subject-matter of the claim exceeds five thousand rupees. (2) The High Court may by rules provide for an appeal against any order made under section 45J and the conditions subject to which any such appeal would lie. (3) Subject to the provisions of sub-section (1) and sub-section (2) and notwithstanding anything contained in any other law for the time being in force, every order or decision of the High Court shall be final and binding for all purposes as between the banking company on the one hand, and all persons who are parties thereto and all persons claiming through or under them or any of them, on the other hand.