Chapter-12 Provisions on Mandatory Liquidation of Bank or Financial Institutions

Section 91: Advance Payment may be made to Depositors Immediately

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1) Notwithstanding anything contained elsewhere in this Chapter, the depositors of the bank or financial institution subject to mandatory liquidation may be distributed up to one hundred thousand rupees per account as an advance with a condition to settle the account at the time of payment of the deposit.

2) The amount advanced payment pursuant to sub-section (1) shall be adjusted while making payment pursuant to Section 94.

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Section 91: Advance Payment may be made to Depositors Immediately

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