No person shall have any right, whether in contract or otherwise, to any compensation for any loss incurred by reason of the operation of any of the provisions 4[contained in sections 10, 12A, 16, 35A, 35B, 5[36, 43A and 45] or by reason of the compliance by a banking company with any order or direction given to it under this Act].
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*Subs. by Act 95 of 1956, s. 12, for certain words (w.e.f. 14-1-1957)
**Subs. by Act 37 of 1960, s. 8, for "and 36" (w.e.f. 19-9-1960)
Section 48 Application of fines Section 49 Special provisions for private banking companies
Section 50 Certain claims for compensation barred
Section 51 Application on of certain provisions to the State Bank of India and other notified banks
Section 52 Power of Central Government to make rules
Section 53 Power to exempt in certain cases
Section 54 Protection of action taken under Act
Section 55 Amendment of Act 2 of 1934, Section 55a Power to remove difficulties
Section 56 Act to apply to co-operative societies subject to modifications