Section 50
Certain claims for compensation barred
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
No person shall have any right, whether in
contract or otherwise, to any compensation for any loss incurred by reason of the operation of any of
the provisions 1[contained in sections 10, 12A, 16, 35A, 35B, 2[36, 43A and 45] or by reason of the
compliance by a banking company with any order or direction given to it under this Act].
Notes
1. Subs. by Act 95 of 1956, s. 12, for certain words (w.e.f. 14-1-1957).
2. Subs. by Act 37 of 1960, s. 8, for "and 36" (w.e.f. 19-9-1960)
2. Subs. by Act 37 of 1960, s. 8, for "and 36" (w.e.f. 19-9-1960)