Section 19
Discharge of the liability of Corporation.
The Deposit Insurance and Credit Guarantee Corporation Act, 1961
About this Act
An Act to provide for the establishment of a corporation for the purpose of insurance of deposits and guaranteeing of credit facilities and for other matters connected therewith or incidental thereto.
Any amount paid by the Corporation under section
17 or section 18 1[or section 18A] in respect of a deposit shall, to the extent of the amount paid, discharge the Corporation
from its liability in respect of that deposit.
Notes
1. Ins. by Act 30 of 2021, s. 5 (w.e.f. 1-9-2021).