Section 51
Liquidation of Small Industries Bank.
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.
No provision of law relating to the winding up of
companies or corporations shall apply to the Small Industries Bank and that Bank shall not be placed in
liquidation save by order of the Central Government and in such manner as it may direct.