Section 39A of The Banking Regulation Act, 1949: Application of Companies Act to liquidators.
Application of Companies Act to liquidators. – (1) All the provisions of the Companies Act, 1956 (1 of 1956), relating to a liquidator, in so far as they are not inconsistent with this Act, shall apply to or in relation to a liquidator appointed under section 38-A or section 39.
(2) Any reference to the “official liquidator” in this Part and Part III-A shall be construed as including a reference to any liquidator of a banking company.]
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