HC dismisses bank appeal

BANGALORE: The High Court on Tuesday dismissed an appeal filed by the South Canara District Central Cooperative Bank Limited (SCDCC) in connection with the establishment of a new District Cent

Published: 15th February 2012 02:34 AM  |   Last Updated: 16th May 2012 05:56 PM   |  A+A-

BANGALORE: The High Court on Tuesday dismissed an appeal filed by the South Canara District Central Cooperative Bank Limited (SCDCC) in connection with the establishment of a new District Central Cooperative Bank in Udupi after the bifurcation of undivided Dakshina Kannada district.

Petitioner Vadiraj Shetty, SCDCC and others  questioned the single bench order and the government order in connection with the splitting of South Canara District Central Cooperative Bank Limited  and formation of a separate District Central Cooperative Bank for Udupi district.

The state government does not have any power to split the SCDCC Bank, they claimed. The government had issued orders to set up a separate Central Cooperative Bank for the district in the past by splitting the SCDCC Bank. The High Court had stayed the operation of the order after the SCDCC Bank filed a writ petition against the move. During the hearing on August 11, 2011, the High Court single bench had dismissed the writ petition and upheld the government order. Questioning the single bench order, they again they filed an appeal before the division bench.

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