Enforcement of depositor-disclosure direction stayed pending Supreme Court ruling in connected special leave petition.

The Kerala High Court restrained enforcement of a direction requiring a co-operative bank to furnish depositor details where deposits exceeded the specified threshold, pending the Supreme Court's decision in the connected special leave petition. The court also barred action on similar notices against the petitioner until the Supreme Court disposed of that petition or vacated the interim order. The effect was to keep the impugned order in abeyance and prevent coercive enforcement during the pendency of the Supreme Court proceedings.

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Issues: Whether the enforcement of the direction requiring the co-operative bank to furnish details of depositors with deposits exceeding the specified threshold should be kept in abeyance pending the Supreme Court's decision in the connected special leave petition.

Outcome: The respondents were restrained from enforcing the impugned order or similar notices against the petitioner until the Supreme Court decided the connected special leave petition or the interim order therein was vacated.

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