Smitha Jayachandran vs The Senior Divisional Manager on 16 December, 2021
case (cited supra), has observed as follows:
“17. As far as Section 45ZA of the Banking Regulation
Act is concerned, the above section indicate that ... bank,
they cannot ignore the same merely on the basis of Section
45ZA of the Banking Regulations Act. Even though 45ZA
contained non obstante clause