Regulation of Banks (Remuneration and Conditions of Employment) (Temporary Provisions) Act, 1975

Exclusion of civil liability of banks in certain cases.

10.—An action shall not lie in any court in respect of any failure or omission by a bank to pay an increase of remuneration to an employee or to amend or vary any other term or condition of employment of an employee if the failure or omission was the result of compliance by the bank with the provisions of this Act or an order thereunder.