Banking Regulation Act,1949
Act No : 10
Section :
Power of High Court to decide all claims in respect of bankingcompanies.
45B. Power of High Court to decide all claims in respect of banking companies.- The High Court shall, save as otherwise expressly provided in section 45C, have exclusive jurisdiction to entertain and decide any claim made by or against a banking company which is being wound up (including claims by or against any of its branches in India) or any application made under 4*[section 391 of the Companies Act, 1956 (1 of 1956)] by or in respect of a banking company or any question of priorities or any other question whatsoever, whether of law or fact, which may relate to or arise in the course of the winding up of a --------------------------------------------------------------------- 1. Part IIIA consisting of ss. 45A to 45X subs. by Act 52 of 1953, s. 10, for the former Part IIIA. 2. Subs. by Act 95 of 1956, s. 14 and Sch., for certain words and figures (w.e.f. 14-1-1957). 3. Subs. by Act 1 of 1984, s. 35, for "code of criminial procedure 1898 (5 of 1898) (w.e.f. 15-2-1984). 4. Subs. by s. 14 and Sch. ibid., for "section 153 of the Indian Companies Act, 1913 (7 of 1913)". 88G banking company, whether such claim or question has arisen or arises or such application has been made or is made before or after the date of the order for the winding up of the banking company or before or after the commencement of the Banking Companies (Amendment) Act, 1953 (52 of 1953)
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