Urukunnu Service Co-Op. Bank LTD.NO.Q190 v. the Registrar of Co-Op.Societies & Ors.
Case brief
What is this about?
The High Court of Kerala disposed of a writ petition challenging an order directing a cooperative bank to stop functioning a branch. The Court held that while prior permission was required after the expiry of the initial period, the objection regarding operational area overlap was invalid. The petitioner was directed to seek formal permission for legalization of the branch.
What did the court decide?
The petitioner directed to file a formal application to the Joint Registrar for permission to legalize the branch functioning with effect from 26.07.2011 within three weeks.