Jayakumar B.Kurup v. Joint Registrar of Co-Operative Societies (General)
Case brief
What is this about?
Depositors sought release of fixed and savings bank deposits withheld by a co-operative bank. The court directed release of savings bank balances upon withdrawal requests and relegated the parties to the statutory remedy under Section 69 of the Co-operative Societies Act for disputed fixed-deposit claims.
What did the court decide?
The bank was directed to release savings bank deposits, if any, upon the respective petitioners approaching it for withdrawal.