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State Bank’s permission required for the winding-up and liquidation of a bank

(1) No person shall petition for the winding up and liquidation of a bank in any court of law, without the written approval of the State Bank. (2) Notwithstanding the provisions of any other law and subject to the provisions of this Part, no court or tribunal of Pakistan, other than the High Court, shall entertain any action or petition brought ...


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