28. Recovery of notes
lost, stolen, mutilated or imperfect.- Notwithstanding
anything contained in any enactment or rule of law o the contrary,
no person shall of right be entitled to recover from the Central
Government or the Bank, the value of any lost, stolen, mutilated
or imperfect currency note of the Government of India or bank
note:
Provided that the Bank may, with the previous sanction of
the Central Government, prescribe the circumstances in and
the conditions and limitations subject to which the value
of such currency notes or bank notes may be refunded as of
grace and the rules made under this proviso shall be laid
on the table of Parliament.
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