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Home›State Acts›The NBFC Act 2002 & Rules 2004›rule 17

rule 17

Protection of action taken in good faith:

The NBFC Act 2002 & Rules 2004
General200220 rules
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Statutory text

No suit or other proceedings shall lie against the Government or the competent authority or and officer of employee of the Government for anything which is in good faith done or intended to be done under this

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← rule 16rule 18 →

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Contents

20 matching rules

  1. 0Preamble
  2. 1Short title and Commencement:
  3. 2Definitions :
  4. 3Fraudulent default by Financial Establishment:
  5. 4Court shall presume that such Financial Establishment has committed the default fraudulently.
  6. 5Code of Civil Procedure.
  7. 6Assessment of assets and deposit liabilities:
  8. 7Competent Authority in his best judgment.
  9. 8Powers of Designated Court regarding attachment:
  10. 9Powers of the Designated Court regarding realization or
  11. 10Attachment of property of malafide transferees:
  12. 11Designated Court equivalent to the proper value of the property transferred.
  13. 12Administration of property attached :
  14. 13Appeal:
  15. 14Designated Court may appeal to the High Court of the area concerned.
  16. 15Procedure and powers of designated Court regarding
  17. 16Section 438 of the Code of Criminal Procedure.
  18. 17Protection of action taken in good faith:
  19. 18Act.
  20. 19Power to remove difficulties :
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