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The Reserve Bank of India, vide order No.DOR.MON.LC-04/12.22.218/2022-23 dated August 08, 2022, had cancelled the banking licence of Rupee Co-operative Bank Ltd, Pune on August 10, 2022. However, the Hon’ble High Court of Bombay in Writ Petition No. 11300 of 2022 (Rupee Co-operative Bank Ltd vs. The Union of India and Ors.) vide order dated September 22, 2022, had suspended the cancellation order dated August 8, 2022 until the conclusion of the attraction filed by Rupee Co-operative Bank Ltd earlier than the Appellate Authority. Subsequently, the Hon’ble Supreme Court of India within the Petition for Special Leave to Appeal (C) No. 17407 of 2022 (Reserve Bank of India vs. Rupee Co-operative Bank Ltd. and Ors.) vide order dated September 30, 2022, had directed that the order of keep which was granted by the Hon’ble High Court of Bombay in Writ Petition No. 11300 of 2022 (Rupee Co-operative Bank Ltd vs. The Union of India and Ors.) shall stand restricted to the interval as much as and inclusive of October 31, 2022. 2. It is hereby notified for the data of the general public that the Appellate Authority, vide order dated October 31, 2022, has dismissed the attraction filed by the Rupee Co-operative Bank Ltd. in opposition to the cancellation order dated August 8, 2022. Consequently, RCS, Maharashtra, in train of energy conferred underneath Maharashtra Co-operative Societies Act, 1960, has appointed the liquidator, vide order dated October 31, 2022, for winding up of affairs of Rupee Co-operative Bank Ltd, Pune. (Yogesh Dayal) Press Release: 2022-2023/1136 |
