Soumya Raveendran v. Joint Registrar of Co-Operative Societies (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 of the Co-operative Societies Act for fixed-deposit claims.
What did the court decide?
Release of savings bank deposits, if any, upon the respective petitioners approaching the bank for withdrawal.