Banking Regulation Act, 1949 · Chapter IIIA: Special Provisions for Speedy Disposal of Winding Up Proceedings
Section 45-I: Duty of directors and officers of banking company to assist in the realisation of property
Every director or other officer of a banking company which is being wound up shall give such assistance to the official liquidator as he may reasonably require in connection with the realisation and distribution of the property of the banking company.]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 45-I
No Supreme Court judgment in our database cites this section yet.