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