No appeal against Reserve Bank sanctioned co operative bank winding up or reorganisation; sanction or requisition not challengeable. Where, with the previous written sanction of, or on requisition by, the Reserve Bank, a co operative bank is being wound up or a scheme of amalgamation or reorganisation is given effect to, no appeal lies or is permissible and the Reserve Bank's sanction or requisition shall not be liable to be called in question.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
No appeal against Reserve Bank sanctioned co operative bank winding up or reorganisation; sanction or requisition not challengeable.
Where, with the previous written sanction of, or on requisition by, the Reserve Bank, a co operative bank is being wound up or a scheme of amalgamation or reorganisation is given effect to, no appeal lies or is permissible and the Reserve Bank's sanction or requisition shall not be liable to be called in question.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.