Section 54
Liquidation of National Housing Bank.
The National Housing Bank Act, 1987
About this Act
An Act to establish a bank to be known as the National Housing Bank to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions and for matters connected therewith or incidental thereto.
No provision of law relating to the winding up of
companies shall apply to the National Housing Bank and the National Housing Bank shall not be
placed in liquidation save by order of the Central Government and in such manner as it may direct.