Supreme Court · 2004 INSC 64 · Decided 28 January 2004
Mehsana District Central Cooperative Bank LTD. and ORS. v. State of Gujarat and ORS.
- Court
- Supreme Court of India
- Citation
- 2004 INSC 64 · [2004] 1 S.C.R. 1125
- Case number
- CIVIL APPEAL No. 3040/1998
- Decided
- 28 January 2004
- Bench
- S.N. VARIAVA, H.K. SEMA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Banking Regulation Act, 1949-Sections 2, 5 and 6-Gujarat Co- operative Societies Act, 1961-Section 7 I (/)-Gujarat Cooperative Bank Act- c State Act providing restrictive mode of investment by co-operative bank- Amendment in the Banking Regulation Act-Central Act, providing for application of the funds outside permitted investment in contravention of the provisions of the State Act-Challenge to the same-Bank pleading that it is entitled to carry on banking activities under Central Act and not in terms of State Act; D and that there is repugnancy and inconsistency between.Central
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