Section 26
Bar to liquidation of Regional Rural Bank.
The Regional Rural Banks Act, 1976
About this Act
An Act to provide for the incorporation, regulation and winding up of Regional Rural Banks with a view to developing the rural economy by providing, for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs, and for matters connected therewith and incidental thereto.
No provision of law relating to the winding up of
companies shall apply to a Regional Rural Bank and a Regional Rural Bank shall not be placed in
liquidation save by order of the Central Government and in such manner as it may direct.