Section 4 in The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

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Section 4 in The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

4. Undertakings of existing banks to vest in corresponding new banks -On the commencement of this Act, the undertaking of every existing bank shall be transferred to, and shall vest in, the corresponding new bank.

Section 4 in The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

4. Undertakings of existing banks to vest in corresponding new banks -On the commencement of this Act, the undertaking of every existing bank shall be transferred to, and shall vest in, the corresponding new bank.

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It appears there's a misunderstanding. The information provided is not a complete case citation. "Section 4 in The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980" and "Union of India - Section" dated "11 July 1980" do not constitute a case title and court citation. This describes a section within an Act and a governmental entity, not a specific court case. Therefore, I cannot provide a case summary based on this information.

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Section 4 in The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 | Draft Bot Pro