Section 37: Validity of loan or advance not to be questioned

Q: What does Section 37 of The National Bank for Financing Infrastructure and Development Act, 2021 (NaBFID Act) deal with?

Section 37 NaBFID Act pertains to "Validity of loan or advance not to be questioned". It is part of the The National Bank for Financing Infrastructure and Development Act, 2021, a legislation enacted by the Parliament of India. Section 37 of The National Bank for Financing Infrastructure and Development Act, 2021 (NaBFID Act) governs validity of loan or advance not to be questioned. As verified on 19 May 2026.

Q: Is Section 37 NaBFID Act still in force?

Yes, Section 37 of the The National Bank for Financing Infrastructure and Development Act, 2021 is currently in force across the Republic of India.

Q: What is धारा 37 NaBFID Act?

धारा 37 NaBFID Act is the Devanagari Hindi reference for Section 37 of the The National Bank for Financing Infrastructure and Development Act, 2021. Section 37 of The National Bank for Financing Infrastructure and Development Act, 2021 (NaBFID Act) governs validity of loan or advance not to be questioned. As verified on 19 May 2026.

Q: What is Dhara 37 NaBFID Act?

Dhara 37 NaBFID Act is the Roman Hindi reference for Section 37 of the The National Bank for Financing Infrastructure and Development Act, 2021. "Dhara" means "Section" in Hindi. Section 37 of The National Bank for Financing Infrastructure and Development Act, 2021 (NaBFID Act) governs validity of loan or advance not to be questioned. As verified on 19 May 2026.

Q: How to cite Section 37 of The National Bank for Financing Infrastructure and Development Act, 2021?

Cite as: "Section 37, The National Bank for Financing Infrastructure and Development Act, 2021 (NaBFID Act)" in legal briefs. For academic writing, use the BlueBook format: The National Bank for Financing Infrastructure and Development Act, 2021, § 37 (India).

Law on Tips Editorial Board

(1)

Notwithstanding anything to the contrary contained in any other law for the time being in force, the validity of any loan or advance granted by the Institution in pursuance of the provisions of this Act shall not be called in question merely on the ground of non-compliance with the requirements of such other law as aforesaid or of any resolution, contract, memorandum, articles of association or other instrument.

(2)

Nothing in this section shall enable any company to obtain any loan or advance where the instrument relating to the constitution of such company does not empower such company to do so.