https://www.taxtmi.com/caselaws?id=263192 A cooperative bank's elected board could not be superseded unless the governing statute's requirement of previous consultation with the Reserve Bank of India was satisfied. The consultation had to be real and effective, with the relevant materials, the board's reply, and the proposed action placed before the Reserve Bank so it could form an independent view; mere forwarding of a show-cause notice was insufficient. On the facts, that mandatory condition was not met, and the grounds relied on were found too general to justify supersession. The availability of an alternative statutory appeal did not bar writ relief where the action was unlawful and contrary to a mandatory statutory safeguard. en-us Thu, 16 May 2013 00:00:00 +0530 Mon, 02 Nov 2015 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263192 A cooperative bank's elected board could not be superseded unless the governing statute's requirement of previous consultation with the Reserve Bank of India was satisfied. The consultation had to be real and effective, with the relevant materials, the board's reply, and the proposed action placed before the Reserve Bank so it could form an independent view; mere forwarding of a show-cause notice was insufficient. On the facts, that mandatory condition was not met, and the grounds relied on were found too general to justify supersession. The availability of an alternative statutory appeal did not bar writ relief where the action was unlawful and contrary to a mandatory statutory safeguard. Case-Laws Indian Laws Thu, 16 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263192