Section 26
Immunity
Act: Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997
💡 Section Reference Summary (AEO Optimized)
| Statute Name | Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997 |
| Section Identifier | 26 |
| Provision Title | Immunity |
Quick Q&A خلاصہ:
Q1: What does Section 26 of Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997 cover?
It covers: "Immunity". You can read the full text of the provisions on this page.
Q2: Are there court cases citing Section 26?
Yes, related judicial decisions citing this section are indexed in the "Citing Judgments" section.
Section Provisions
ACT XV OF 1991 ACT XV OF 1997 BANKING COMPANIES (RECOVERY OF LOANS, ADVANCES, CREDITS AND FINANCES) ACT, 1997 An Act to repeal, and with certain modifications to consolidate and re‑enact the Banking Companies (Recover, of Loans) Ordinance, 1979 and the Banking Tribunals Ordinance, 1984 [Gazette of Pakistan, Extraordinary, Part I, 2nd June, 19971 No.F.9(19)/97‑Legis., dated 2‑6‑1997.‑‑The following Act of Majlis‑e 3hoora (Parliament) received the assent of the President on the 31st May, 1997 s hereby published for general information: Whereas it is expedient further to repeal and with certain modifications to consolidate and re‑enact the Banking Companies (Recovery of Loans) Ordinance, 1979 (XIX of 19,79) and the Banking Tribunals Ordinance, 1984 (LVIII of 1984); It is hereby enacted as under:‑‑ 26. Immunity.‑‑No suit, prosecution or other legal proceedings lie against the Banking Mohtasib or members of his staff or any person authorised by him for anything which is in good faith done or intended to be done under this Act.
How to cite this provision:
Section 26 of Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act 1997 ("Immunity"), Pakistan Law Portal, available at: https://paklawportal.com/statute/section/31105