Section 42 of The Banking Regulation Act, 1949:
Power to dispense with meetings of creditors, etc.
Power to dispense with meetings of creditors, etc. – Notwithstanding anything to the contrary contained in [[section 460] of the Companies Act, 1956 (1 of 1956)], the [High Court] may, in the proceedings for winding up a banking company, dispense with any meetings of creditors or contributors [* * *] if it considers that no object will be secured thereby sufficient to justify the delay and expense.
Advocate Anoop Verma has been advising individuals, corporates, businesses on a variety of legal issues since his call to the Punjab & Haryana Bar Council.
After gaining years of experience working for law firms, Advocate Anoop Verma opened his own Law firm “Verma Law Associates” where he is able to provide quality legal services at reasonable rates.
During his career, he has been involved in some of the most complicated and high profile cases, and participated in several ground-breaking litigation cases. Having been trained and mentored by some of best lawyers, he brings a unique perspective and varied experience to his practice.
We at Verma Law Associates handles all the cases pertaining to:
- Criminal Law
- Banking Law/DRT (Debt Recovery Tribunal)
- Civil Law
- Family Disputes
- Consumer Laws
- Service Law/Service Matters
- Company Law/NCLT (National Company Law Tribunal)
- Motor Accident Claims
- Property Law
Have a Question? Schedule a Consultation.
We offer initial consultations over the telephone and in person at no cost.
Talk to Advocate Anoop Verma directly
Punjab & Haryana High Court Chandigarh, DRT Chandigarh