Banking Regulation Act, 1949
45ZF. Notice of claims of other persons
regarding safety lockers not receivable
No notice of the claim of any person, other
than hirer or hirers of a locker, shall be receivable by a banking company nor
shall the banking company be bound by any such notice even though expressly
given to it:
PROVIDED that where any decree, order,
certificate or other authority from a court of competent jurisdiction relating
to the locker or its contents is produced before the banking company, the
banking company shall take due note of such decree, order, certificate or other
authority.]