Industrial Reconstruction Bank of India Act : Official assignee or receiver not to be appointed

Industrial Reconstruction Bank of India Act,1984

Act No : 62

Section : Official assignee or receiver not to be appointed without the consentof the Reconstruction Bank.

48. Official assignee or receiver not to be appointed without the consent of the Reconstruction Bank.-No proceeding for the appointment of any official assignee or receiver in relation to any industrial concern the management of which has been taken over by the Reconstruction Bank shall lie in any court except with the consent of the Reconstruction Bank.