Supreme Court · 2003 INSC 577 · Decided 29 October 2003
The Apex Co-Operative Bank of Urban Bank of Maharashtra and Goa LTD. v. The Maharashtra State Co-Operative Bank LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2003 INSC 577 · [2003] SUPP. 4 S.C.R. 1071
- Case number
- CIVIL APPEAL No. 439/1997
- Decided
- 29 October 2003
- Bench
- S.N. VARIAVA, H.K. SEMA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
A B National Bank for Agriculture and Rural Development Act, 1981- Section 2(4)-Banking Regulation Act, 1949-Multi State Co-operative C Societies Act, 1984-Co-operative Societies Act, 1912-Cooperative Bank Registered under Multi State Act-Grant of banking licence by RBI to carry on activity as well, where the same is not recognized as State Co-operative Bank-Its declaration as State Cooperative Bank under NA BARD Act-Propriety of grant of licence and the declaration by State- D Held : RBI cannot give license to a co-operative Bank unless the same is declared as State Co-operative
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