Section 59: Liquidation of National Bank.

Q: What does Section 59 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) deal with?

Section 59 NABARD Act pertains to "Liquidation of National Bank.". It is part of the The National Bank for Agriculture and Rural Development Act, 1981, a legislation enacted by the Parliament of India. Section 59 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs liquidation of National Bank. As verified on 22 May 2026.

Q: Is Section 59 NABARD Act still in force?

Yes, Section 59 of the The National Bank for Agriculture and Rural Development Act, 1981 is currently in force across the Republic of India.

Q: What is धारा 59 NABARD Act?

धारा 59 NABARD Act is the Devanagari Hindi reference for Section 59 of the The National Bank for Agriculture and Rural Development Act, 1981. Section 59 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs liquidation of National Bank. As verified on 22 May 2026.

Q: What is Dhara 59 NABARD Act?

Dhara 59 NABARD Act is the Roman Hindi reference for Section 59 of the The National Bank for Agriculture and Rural Development Act, 1981. "Dhara" means "Section" in Hindi. Section 59 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) governs liquidation of National Bank. As verified on 22 May 2026.

Q: How to cite Section 59 of The National Bank for Agriculture and Rural Development Act, 1981?

Cite as: "Section 59, The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act)" in legal briefs. For academic writing, use the BlueBook format: The National Bank for Agriculture and Rural Development Act, 1981, 1981, § 59 (India).

Law on Tips Editorial Board

No provision of law relating to the winding up of companies shall apply to the National Bank and the National Bank shall not be placed in liquidation save by order of the Central Government and in such manner as it may direct.