law: Banking Regulation Act, 1949
  50. Certain claims for compensation barred
  No person shall have any right, whether in
  
  contract or otherwise, to any compensation for any loss incurred by reason of
  
  the operation of any of the provisions 202[contained in sections, 10, 12A, 16,
  
  35A, 35B, 262[36, 43A and 45] or by reason of the compliance by a banking
  
  company with any order or direction given to it under this Act.]