Section 37 of BRA : Section 37: Suspension Of Business

BRA

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a scenario where XYZ Bank, a well-known banking institution, has faced a sudden financial crisis due to an unexpected event causing a liquidity shortage. Despite this, the bank's management believes that this is a temporary situation and that they can recover with some time and restructuring.

XYZ Bank approaches the High Court for relief and files an application under Section 37(1) of the Banking Regulation Act, 1949. They request a moratorium, essentially a pause, on all legal actions and proceedings against them for a period of three months to sort out their finances wi...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: All Judiciary Acts to be available within a week.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link