Appeal of review

(1) Except where otherwise expressly provided to the contrary an appeal shall lie to the Registrar from the decisions made under this Act or Rules framed there under by any Government Officer, Liquidator appointed under Section 93. (2) The Registrar may review any order passed by him/her at any time within sixty days from the communication of such order. (3) Save as otherwise provided in this Act all Rules, no appeal shall lie to the State Government against any order of the Registrar, except on a question of law, and provided such appeal is preferred within sixty days of the communication of such order. (4) Any appellate authority and the Registrar in case or review may pass any stay order pending any appeal or review before such an authority and may award costs against any party appealing or petitioning for review if such appeal are reviewed petition is considered false, vexatious or frivolous by the authority concerned. (5) Notwithstanding anything contained in this Act where, with the previous sanction in writing or in requisition by the Reserve Bank of India, a Corporative Bank- (a) isbeingwoundup;or (b) in respect of which a scheme of amalgamation or reorganisation is given effect, no appeal thereof shall lie or be permissible without the sanction or requisition of the Reserve Bank and that shall not be liable to be called in question.