Section 32, State Financial Corporations Act, 1951 [S1B-E57]

As at 7 September 2026. In force from 29 September 1952 by S.O. 1052(E) [N11-J5V].

In State Financial Corporations Act, 1951 [A10-DCY]. This text from 3 August 1976, by Act 99 of 1976 [A10-RC0]. Other texts (1): from 29 September 1952 to 2 August 1976.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 32, State Financial Corporations Act, 1951 [S1B-E57]. Machine: S1B-E57.

32. Appeal.—(1) Any person aggrieved by an order of the Reserve Bank under this Act may, within sixty days from the date on which the order is communicated to him, prefer an appeal to the Debts Recovery Tribunal in such form and accompanied by such fee as may be prescribed. (2) The appellate authority may, after giving the appellant an opportunity of being heard, confirm, modify or set aside the order appealed against. (3) No appeal shall lie under this section against an order made with the consent of the parties.

Defined terms in this text (1)

Reserve Bank: Section 2, State Financial Corporations Act, 1951 [S1BD7F] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)

Reserve Bank: 24 more definitions.

Made under this section, or naming it (0)

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Cited by (2)

Section 35, State Financial Corporations Act, 1951 [S1B-E8X], 5 November 1951, Band A. "section 32".

Section 2, State Financial Corporations Act (Amendment) Act, 1976 [S1Q-854], 3 August 1976, Band A. "section 32 of the State Financial Corporations Act, 1951 (63 of 1951)".

Not held (0)

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Duties published under this section (0)

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