Banking Regulation Act, 1949 — back to Table of Contents
Section 45B. Power of High Court to decide all claims in respect of banking companies
Save as otherwise expressly provided in section 45C, the High Court has exclusive jurisdiction to entertain and decide any claim made by or against a banking company that is being wound up (including claims by or against any of its branches in India), any application made under section 391 of the Companies Act, 1956 by or in respect of a banking company, any question of priorities, or any other question of law or fact that may relate to or arise in the course of the winding up of a banking company — whether the claim, question, or application arose or was made before or after the winding-up order, or before or after the commencement of the Banking Companies (Amendment) Act, 1953.
Note: Part IIIA was inserted by the Banking Companies (Amendment) Act, 1953.
