Section 20:
Stay of proceedings on order of Court.
Where the Bank contemplates making with
reference to any Government security any order which it is empowered to make under this Act, and
before the order is made the Bank receives from a Court in 1[India] an order to stay the making of such
order, the Bank shall either--
(a) hold the security together with any interest unpaid or accruing thereon until the further orders
of the Court are received, or
(b) apply to the Court to have the security transferred to the Official Trustees
appointed for the State in which such Court is situated, pending the dispo sal of the
proceedings before the Court.
Notes:
1. Subs. by Act 57 of 1956, s. 10, for "a Part A State or a Part C State" (w.e.f. 15-10-1956).