Section 55
No proceeding to lie in India against Imperial Bank after appointed day.
The State Bank of India Act, 1955
About this Act
An Act to constitute a State Bank for India, to transfer to it the undertaking of the Imperial Bank of India and to provide for other matters connected therewith or incidental thereto.
1[55. No proceeding to lie in India against Imperial Bank after appointed day.-- On and from the
appointed day, no person shall make any claim or demand or take any proceeding in India against the
Imperial Bank or a director, officer or other employee thereof in his capacity as such director, officer or
employee except in so far as may be necessary for enforcing the provisions of this Act or except in so far
as it relates to any offence committed by any such director, officer or employee.]
Notes
1. Ins. by s. 6, ibid. (w.e.f. 1-4-1957).