Lawgist30Protection of action taken in good faith
(1) No suit or other legal proceedings or prosecution shall lie against the Reserve Bank or the Central Government or credit information company or credit institution, or their chairperson, director, member, auditor, adviser, officer or other employee, or agent or any person authorised by the Reserve Bank or the Central Government or credit information company or credit institution to discharge any function under this Act, for any loss or damage caused or as is likely to be caused by anything which is in good faith done or intended to be done, in pursuance of this Act or any other law for the time being in force.
(2) Nothing contained in sub-section (1) shall affect the right of any person to claim damages against a credit information company, a credit institution or their chairperson, director, member, auditor, adviser, officer or other employee or agents, as the case may be, in respect of loss caused to him on account of any such disclosure made by anyone of them and which is unauthorised or fraudulent or contrary to provisions of this Act, or practices or usages customary among them.
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- 27 Power of Reserve Bank to specify maximum amount of fees
- 28 Disclosure of information before any court or tribunal or authority
- 29 Obligations as to fidelity and secrecy
- 30 Protection of action taken in good faith
- 31 Bar of jurisdiction
- 32 Power of Reserve Bank to exempt in certain cases
- 33 Application of other laws not barred
- 34 Amendment of certain enactments
- 35 Removal of difficulties
- 36 Power to make rules
- 37 Power of Reserve Bank to make regulations THE SCHEDULE
