https://www.taxtmi.com/caselaws?id=789683 Section 45 of the Banking Regulation Act is described as conferring a special, overriding power to frame a banking amalgamation or reconstruction scheme in public interest, with judicial review restrained absent arbitrariness, mala fides or patent illegality. The text also explains that depositor-based classifications, including separate treatment of retail and institutional depositors and staggered repayment with reduced post-appointed-date interest, may be justified where they rationally support depositor protection and banking stability. It further notes that consultation-based objections, shareholder-approval arguments, and challenges relating to deposit insurance and related liabilities are assessed against the statutory procedure and the scheme's operative framework. en-us Mon, 09 Mar 2026 00:00:00 +0530 Mon, 13 Apr 2026 07:52:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789683 Section 45 of the Banking Regulation Act is described as conferring a special, overriding power to frame a banking amalgamation or reconstruction scheme in public interest, with judicial review restrained absent arbitrariness, mala fides or patent illegality. The text also explains that depositor-based classifications, including separate treatment of retail and institutional depositors and staggered repayment with reduced post-appointed-date interest, may be justified where they rationally support depositor protection and banking stability. It further notes that consultation-based objections, shareholder-approval arguments, and challenges relating to deposit insurance and related liabilities are assessed against the statutory procedure and the scheme's operative framework. Case-Laws Indian Laws Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789683