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Section 86I
Right to appeal against the order of the bank
(1) Section 86c., 86d., 86n., 86f. and 86j. If you are not satisfied with any action, order, decision or action taken by the bank or the officer appointed by the bank, only the representative of the shareholder of such commercial bank or financial institution shall have the right to appeal to the committee within fifteen days on such action, order, decision or action. Explanation: For the purposes of this section, "shareholder's representative" means The person chosen by the shareholders to represent at least twenty-five percent of the immediately existing paid-up capital should be considered as a person chosen from among themselves. (2) Within the period specified in sub-section (1), there will be no hearing on the appeals that are not represented by at least twenty-five percent of the immediately existing paid-up capital shares. (3) Sub-section ( In case of an appeal to the bank as per 1), within thirty days from the date of receiving the appeal, the committee may disclose the relevant evidence, grounds and reasons and support, review or annul the action, order, decision or action taken by the bank or the officer appointed by the bank. (4) Subsection (3) The committee shall inform the representative of the relevant shareholder within fifteen days of the decision made in accordance with this. (5) The actions, orders, decisions or actions taken by the bank or the officer appointed by the bank in accordance with sub-section (3) shall remain in effect unless the committee annuls such actions. (6) Upon the appeal of the shareholder's representative. The decision made by the committee according to sub-section (3) shall be final.