Section 57: Bar to liquidation of a subsidiary bank

Q: What does Section 57 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) deal with?

Section 57 TSBISBA pertains to "Bar to liquidation of a subsidiary bank". It is part of the The State Bank of India (Subsidiary Banks) Act, 1959, a legislation enacted by the Parliament of India. Section 57 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs bar to liquidation of a subsidiary bank. As verified on 19 May 2026.

Q: Is Section 57 TSBISBA still in force?

Yes, Section 57 of the The State Bank of India (Subsidiary Banks) Act, 1959 is currently in force across the Republic of India.

Q: What is धारा 57 TSBISBA?

धारा 57 TSBISBA is the Devanagari Hindi reference for Section 57 of the The State Bank of India (Subsidiary Banks) Act, 1959. Section 57 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs bar to liquidation of a subsidiary bank. As verified on 19 May 2026.

Q: What is Dhara 57 TSBISBA?

Dhara 57 TSBISBA is the Roman Hindi reference for Section 57 of the The State Bank of India (Subsidiary Banks) Act, 1959. "Dhara" means "Section" in Hindi. Section 57 of The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA) governs bar to liquidation of a subsidiary bank. As verified on 19 May 2026.

Q: How to cite Section 57 of The State Bank of India (Subsidiary Banks) Act, 1959?

Cite as: "Section 57, The State Bank of India (Subsidiary Banks) Act, 1959 (TSBISBA)" in legal briefs. For academic writing, use the BlueBook format: The State Bank of India (Subsidiary Banks) Act, 1959, 1959, § 57 (India).

Law on Tips Editorial Board

-No provision of law relating to the winding up of companies shall apply to a subsidiary bank nor shall it be placed in liquidation, save as provided in this Act or by order of the Central Government and in such manner as the Central Government may direct.