Section 34
Protection of action taken in good faith.
The National Bank for Financing Infrastructure and Development Act, 2021
About this Act
An Act to establish the National Bank for Financing Infrastructure and Development to support the development of longterm non-recourse infrastructure financing in India including development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure and for matters connected therewith or incidental thereto.
No suit, prosecution or other legal proceedings shall
lie against the Institution or its Chairperson or other directors, employees or officers for anything which is
done in good faith or intended to be done under this Act, or the rules or the regulations made thereunder,
including in respect of assets created or transferred to the Institution.