law: The Small Industries Development Bank of India Act, 1989 
  43. Validity of loan or
  
  advance not to be questioned 
  Notwithstanding anything to the contrary
  
  contained in any other law for the time being in force, the validity of any
  
  loan or advance granted by the Small Industries Bank in pursuance of the
  
  provisions of this Act shall not be called in question merely on the ground of
  
  non-compliance with the requirements of such other law as aforesaid or of any
  
  resolution, contract, memorandum, articles of association or other instrument:
  Provided that nothing in this section shall
  
  under render valid any loan or advance obtained by any company or co-operative
  
  society where such company or co-operative society is not empowered by its
  
  memorandum to obtain or advances.