INDIA CODE
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Section 48, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [S21-80T]

As at 7 September 2026. In force from 11 January 2003.

In Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [A11-87M]. This text from 11 January 2003. No other text held.

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

Cite: Section 48, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [S21-80T]. Machine: S21-80T.

48. Protection of action taken in good faith.—No suit, prosecution or other legal proceeding shall lie against the Central Government, the Chief Inspector or any officer of the Central Government or of the Chief Inspector for anything which is in good faith done or intended to be done under this Act or the rules made thereunder.

Defined terms in this text (1)

Inspector: Section 2, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [S216J6] (In this Act, unless the context otherwise requires,—): "Inspector" means an Inspector appointed under section 7

Inspector: 11 more definitions.

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Section 48, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [S21-80T]