Industrial Reconstruction Bank of India Act : Law relating to winding up not to apply to the

Industrial Reconstruction Bank of India Act,1984

Act No : 62

Section : Law relating to winding up not to apply to the Reconstruction Bank.

54. Law relating to winding up not to apply to the Reconstruction Bank.-No provision of law relating to winding up of corporations shall apply to the Reconstruction Bank and the Reconstruction Bank shall not be placed in liquidation, save by order of the Central Government and in such manner as it may direct.