Section 18
Power to acquire rights.
The Small Industries Development Bank of India Act, 1989
About this Act
An Act to establish the Small Industries Development Bank of India as the principal financial institution for the promotion, financing and development of industry in the small-scale sector and to co-ordinate the functions of the institutions engaged in the promotion, financing or developing industry in the small-scale sector and for matters connected therewith or incidental thereto.
The Small Industries Bank shall have the right to acquire, by transfer
on assignment the rights and interests of any public financial institution as defined in section 4A of the Companies Act, 1956 (1 of 1956) (including any other rights incidental thereto) in relation to any loan or
advance granted, or any amount recoverable by such institution, either in whole or in part, by the
execution or issue of any instrument or by the transfer of any instrument or in any other manner.