THE DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION ACT, 1961 · REGISTRATION OF BANKING COMPANIES AND CO-OPERATIVE BANKS AS INSURED BANKS AND LIABILITY OF CORPORATION TO DEPOITORS
Section 19 — Discharge of the liability of Corporation
Any amount paid by the Corporation under section 17 or section 18 in respect of a deposit shall, to the extent of the amount paid, discharge the Corporation from its liability in respect of that deposit.