HC directs Centre, RBI to file counter to pleas challenging ordinance on cooperative banks

The First Bench of Chief Justice AP Sahi and Justice Senthil Kumar Ramamoorthy refused to grant any interim relief to the Big Kanchipuram Cooperative Town Bank Ltd and the Velur Cooperative Urban Bank Ltd which challenged provisions of the ordinance promulgated on June 26.

from Banking/Finance-Industry-Economic Times https://ift.tt/3eFIZ8E