Central Bank Act, 1989.
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Right of purported vendor to damages. |
81.—Where a purported acquiring transaction is rendered invalid under section 76 , the purported vendor of shares shall be entitled, in any court of competent jurisdiction, to recover from the purported purchaser any damages the purported vendor suffers by reason only of the invalidity, unless the purported purchaser satisfies such court that before the purported transaction he had notified the purported vendor of circumstances relating to the purported transaction which gave rise to the possibility of such an invalidity. |