Transfer of pending proceedings

Q: When did Section 45C of the Banking Regulation Act come into force?

Section 45C of the Banking Regulation Act, cited as Banking Regulation Act 1949 45C, came into force on 16 Mar 1949, having been enacted on 10 Mar 1949. It is in force as at the date shown on this page.

In force From 16 Mar 1949 Act 10 of 1949 As on 22 Oct 2026

Act 10 of 1949 Ministry Finance Enacted 10 Mar 1949 In force 16 Mar 1949 Cited by 1 provision

Section 45C of the Banking Regulation Act, 1949 deals with transfer of pending proceedings. Where a winding up order is made or has been made in respect of a banking company, no suit or other legal proceeding, whether civil or criminal, in respect of which the High Court has jurisdiction under this Act and which is pending in any other court immediately before the commencement of the Banki The Act came into force on 16 Mar 1949.

¹[45C. Transfer of pending proceedings.-- (1) Where a winding up order is made or has been made in respect of a banking company, no suit or other legal proceeding, whether civil or criminal, in respect of which the High Court has jurisdiction under this Act and which is pending in any other court immediately before the commencement of the Banking Companies (Amendment) Act, 1953 (52 of 1953), or the date of the order for the winding up of the banking company, whichever is later, shall be proceeded with except in the manner hereinafter provided.
(2) The official liquidator shall, within three months from the date of the winding up order or the commencement of the Banking Companies (Amendment) Act, 1953 (52 of 1953), whichever is later, or such further time as the High Court may allow, submit to the High Court a report containing a list of all such pending proceedings together with particulars thereof.
(3) On receipt of a report under sub-section (2), the High Court may, if it so thinks fit, give the parties concerned an opportunity to show cause why the proceedings should not be transferred to itself and after making an inquiry in such manner as may be provided by rules made under section 45U, it shall make such order as it deems fit transferring to itself all or such of the pending proceedings as may be specified in the order and such proceedings shall thereafter be disposed of by the High Court.
(4) If any proceeding pending in a court is not so transferred to the High Court under sub-section (3), such proceeding shall be continued in the court in which the proceeding was pending.
(5) Nothing in this section shall apply to any proceeding pending in appeal before the Supreme Court or a High Court.]
Section 45C, The Banking Regulation Act, 1949 (Act 10 of 1949).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

s. 45U Power of High Court to make rules

Referred to by 1

s. 45B Power of High Court to decide all claims in respect of banking companies

Questions about Section 45C

What does Section 45C of the Banking Regulation Act deal with?

Section 45C of the Banking Regulation Act is headed "Transfer of pending proceedings". [45C. Transfer of pending proceedings.-- (1) Where a winding up order is made or has been made in respect of a banking company, no suit or other legal proceeding, whether civil or criminal, in respect of which the High Court has jurisdiction under this Act and which is pending in any other court imm

How do I find court cases under Section 45C of the Banking Regulation Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Banking Regulation Act 1949 45C, section 45C Banking Regulation Act 1949, section 45C of the Banking Regulation Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 45C of the Banking Regulation Act, and has it changed?

Its own text turns on section 45U (Power of High Court to make rules), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When did Section 45C of the Banking Regulation Act come into force?

Section 45C of the Banking Regulation Act, cited as Banking Regulation Act 1949 45C, came into force on 16 Mar 1949, having been enacted on 10 Mar 1949. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 22 Oct 2026. This page is not a substitute for legal advice.