Lawgist52GProtection of action taken under sections 52A to 52D
(1) No suit, prosecution or other legal proceeding shall lie against an Administrator for anything which is in good faith done or intended to be done in pursuance of 1[section 52A, section 52B, section 52BB or section 52C].
(2) No suit or other legal proceeding shall lie against the 2*** the 3[Authority] for any damage caused or likely to be caused by anything which is in good faith done of intended to be done under section 52A, section 52B, or section 52D.]
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1. Subs. by Act 54 of 1955, s. 3, for "sections 52A to 52C inclusive" (w.e.f. 1-11-1955).
2. The words "Central Government or" omitted by Act 5 of 2015, s. 64 (w.e.f. 26-12-2014).
3. Subs .by Act 41 of 1999, s. 30 and the First Schedule, for "Controller" (w.e.f. 19-4-2000).
- 52A When Administrator for management of insurance business may be appointed
- 52B Powers and duties of the Administrator
- 52BB Powers of Administrator respecting property liable to attachment under section 106
- 52C Cancellation of contracts and agreements
- 52D Termination of appointment of Administrator
- 52E Finality of decision appointing Administrator
- 52F Penalty for withholding documents or property from Administrator
- 52G Protection of action taken under sections 52A to 52D
