https://www.taxtmi.com/caselaws?id=110884 Section 45 of the Banking Regulation Act, 1949 is described as a protective power aimed at safeguarding depositors and maintaining confidence in the banking system. The text identifies two issues: whether the moratorium order and appointment of two directors were mala fide, ultra vires or otherwise invalid, and whether the scheme of amalgamation and its sanction were mala fide, ultra vires or unjustified on facts. Only the first issue is partially developed in the supplied text, and no final judicial conclusion is provided. The document therefore records the statutory purpose and the challenged validity of the moratorium and amalgamation measures without stating an outcome. en-us Mon, 28 Aug 2006 00:00:00 +0530 Mon, 21 Oct 2013 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110884 Section 45 of the Banking Regulation Act, 1949 is described as a protective power aimed at safeguarding depositors and maintaining confidence in the banking system. The text identifies two issues: whether the moratorium order and appointment of two directors were mala fide, ultra vires or otherwise invalid, and whether the scheme of amalgamation and its sanction were mala fide, ultra vires or unjustified on facts. Only the first issue is partially developed in the supplied text, and no final judicial conclusion is provided. The document therefore records the statutory purpose and the challenged validity of the moratorium and amalgamation measures without stating an outcome. Case-Laws Companies Law Mon, 28 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110884