You are viewing the translated version of फरफारख सम्बन्धी कारबाही प्रारम्भ हुनुभन्दा पहिलेका कारबाही निष्क्रिय हुने.
Section 88K
Deactivation of proceedings prior to the commencement of proceedings relating to reformation
(1) The Special Administration Group may, in the following cases, deactivate transactions affecting the property of commercial banks or financial institutions or transfers relating to third parties:- (a) Depositors of the concerned commercial banks or financial institutions before the commencement of proceedings relating to reformation. or transactions or agreements made against the interest of the creditor, (b) any transfers made without value by a commercial bank or financial institution to any shareholder, director, officer or their relatives up to five years before the date of commencement of the process of reformation, (c) from the date of commencement of the process of reformation Any transfers made by a commercial bank or financial institution to a third party without value up to three years before, (d) Transactions completed in a way that the commercial bank or financial institution receives a relatively low return or gives a higher return to the other party, up to three years before the date of initiation of the process of foreclosure. e) Any act done against the interests of depositors of commercial banks or financial institutions up to five years prior to the date of commencement of the process of foreclosure, (f) any person for a loan to be paid by the concerned commercial bank or financial institution up to six months prior to the date of commencement of the foreclosure process. Transfer of property in the name of the creditor for the purpose of making a profit or to increase the amount received by the creditor in the process of liquidation. However, the provisions of this section shall not be attracted in relation to the payment of deposits made in such a way that the amount of insurance and protection per deposit does not exceed the amount of the envelope. (3) Notwithstanding anything written in sub-sections (1) and (2), in relation toThe special administrative group shall not cancel the transactions made by the said commercial bank or financial institution in the course of its normal business or for which a fair and sufficient value has been exchanged or the payment has not been made before such institution goes into liquidation. (4) Transactions canceled under sub-sections (1) and (2) or The person who receives the property from the transfer must return such property immediately. In case the person receiving the property does not have such property, the amount equal to the value of the property should be deposited in the relevant commercial bank or financial institution. In the case of a person who does such a transaction with any wrong intention and does not immediately return the property or its equivalent value to the relevant commercial bank or financial institution after the transaction is canceled, the claim against him will remain as a secured creditor. Or he can send a written letter to the relevant agency to transfer the rights. In this way, if the special administration group sends a written notice, the related agency shall cancel or transfer the registration in the name of the commercial bank or financial institution related to such movable immovable property or rights. can send. In this way, the relevant body shall cancel or transfer such movable immovable property or rights in the name of the related commercial bank or financial institution in writing by the special administration group. Such goods and services should not be stopped just because of non-receipt of payment for other goods and services such as electricity, water, telephone, real estate, and vehicles. In the case of receipt and payment of services, the special administration group shall pay the outstanding amount to the relevant service provider before going through the process of processing.