INDIA CODE
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Clause 2, State Bank of India (Removal of Difficulties) Order, 2015 [S30-T8G]

As at 7 September 2026. In force from 22 January 2015.

In State Bank of India (Removal of Difficulties) Order, 2015 [N13-VTH]. This text from 22 January 2015. No other text held.

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Cite: Clause 2, State Bank of India (Removal of Difficulties) Order, 2015 [S30-T8G]. Machine: S30-T8G.

Removal of difficulty.—Where a secured creditor had, before the commencement of the State Bank of India Act, 1955, carried on the enforcement of security interest under a licence granted under the law then in force, such licence shall be deemed to have been granted under the Act and shall remain in force for seven days from such commencement or until it expires, whichever is earlier.

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Clause 2, State Bank of India (Removal of Difficulties) Order, 2015 [S30-T8G]