Section 39 of BRA : Section 39: Reserve Bank To Be Official Liquidator
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
Example of Section 39 of The Banking Regulation Act, 1949:
Imagine a scenario where a regional bank, "Fast Finance Bank," is facing severe financial difficulties and is unable to meet its obligations. The High Court has initiated winding-up proceedings against the bank to settle its debts and distribute its assets to creditors. Under Section 39 of The Banking Regulation Act, 1949, the Reserve Bank of India (RBI), upon recognizing the critical condi...
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!
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: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
