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[Cites 0, Cited by 0] [Section 45M] [Entire Act]

Union of India - Subsection

Section 45M(b) in Banking Companies Act, 1949

(b)allow the banking company to settle the list of its debtors in accordance with the provisions of section 45D and in such a case, the provisions of the said section shall, as far as may be, apply to the banking company as they apply to a banking company which is being wound up as if the order sanctioning the compromise or arrangement were an order for the winding up of the banking company.