The Supreme Court on Friday (May 17) issued notice on a petition filed by the Reserve Bank of India challenging the amalgamation of the Malappuram District Cooperative Bank in Kerala with the Kerala State Cooperative Bank.While issuing notice, the Court also directed to maintain status quo in all aspects in respect of the Malappuram District Cooperative Bank.” Issue notice,returnable in July, in the meantime the status quo shall be maintained in all aspects in respect of the Malappuram District Co-operative Bank (Respondent no. 97),” ordered the bench comprising Chief Justice of India DY Chandrachud, Justices JB Pardiwala and Manoj Misra.RBI has approached the Supreme Court against the…
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Supreme Court Issues Notice On RBI’s Plea Against Merger Of Malappuram District Cooperative Bank With Kerala Bank, Orders Status Quo
