Banking Regulation Act, 1949
45X. Validation of certain proceedings
Notwithstanding anything contained in section
45B or any other provision of this Part or in section 11 of the Banking
Companies (Amendment) Act, 1950 (20 of 1950), no proceeding held, judgment
delivered or decree or order made before the commencement of the Banking
Companies (Amendment) Act, 1953 (52 of 1953), by any court other than the High
Court in respect of any matter over which the High Court has jurisdiction under
this Act shall be invalid or be deemed ever to have been invalid merely by reason
of the fact that such proceeding, judgment, decree or order was held, delivered
or made by a court other than the High Court.]