Banking Regulation Act, 1949 — back to Table of Contents
Section 45A. Part IIIA to override other laws
The provisions of Part IIIA and the rules made under it have effect notwithstanding anything inconsistent contained in the Companies Act, 1956, the Code of Civil Procedure, 1908, the Code of Criminal Procedure, 1973, or any other law for the time being in force, or any instrument having effect by virtue of such a law. However, the provisions of any such law or instrument, to the extent they are not varied by or inconsistent with the provisions of this Part or the rules made under it, continue to apply to all proceedings under this Part.
Note: Part IIIA (Special Provisions for Speedy Disposal of Winding Up Proceedings) was inserted by the Banking Companies (Amendment) Act, 1953.
