Section 28:
Recovery of notes lost, stolen, mutilated or imperfect.
1*** Notwithstanding anything
contained in any enactment or rule of law to the contrary, no person shall of right be entitled to recover
from the 2[Central Government] or the Bank, the value of any lost, stolen, mutilated or imperfect currency
note of the Government of India or bank note:
Provided that the Bank may, with the previous sanction of the 2[Central Government], prescribed the
circumstances in and the conditions and limitations subject to which the value of such currency notes or
bank notes may be refunded as of grace and the rules made under this proviso shall be laid on the
table 3*** of 4[Parliament].
5* * * * *
Notes:
1. The brackets and figure "(1)" omitted by Act 11 of 1947, s. 15 (w.e.f. 1-4-1947) which was inserted by the M.O. 1937.
2. Subs. by the M.O. 1937, for "G.G. in C.".
3. The words "of both Houses" omitted by the A.O. 1948.
4. Subs. by the A.O. 1950, for "the Central Legislature".
5. Sub-section (2) omitted by Act 11 of 1947, s. 15 (w.e.f. 1-4-1947) which was inserted by the M.O. 1937.