Section 38 of BRA : Section 38: Winding Up By High Court

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 situation where XYZ Bank has been struggling financially and is no longer able to meet the demands of its creditors. Despite efforts to stay afloat, the bank's liabilities far exceed its assets, and it is unable to pay its debts. Creditors have been visiting various branches of XYZ Bank to withdraw their funds, but the bank has been unable to fulfill these requests within the stipulated time frame.

Seeing the situation deteriorate, the Reserve Bank of India (RBI) steps in to assess XYZ Bank's condition. The RBI finds that XYZ Ban...

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