October 18, 2019 1:03 PM

printer

SC refuses to entertain plea by PMC account holders for lifting restrictions on cash withdrawals

<span style="color: #222222;">The Supreme court has refused to entertain a plea filed on behalf of scam-hit PMC Bank account holders seeking lifting of restrictions imposed by the Reserve Bank of India on cash withdrawals.</span><br />'' <span style="color: #222222;"><br />''A bench headed by Chief Justice of India Ranjan Gogoi said the court is not inclined to entertain this petition under article 32, that is a writ jurisdiction. Petitioner can approach the high court concerned for appropriate relief.</span><br />'' <span style="color: #222222;"><br />''Solicitor General Tushar Mehta said the government is aware of the seriousness of the situation and the Enforcement Directorate is taking appropriate action against the culprits.</span><br />'' <span style="color: #222222;"><br />''Advocate Shashank Sudhi, appearing for petitioner Bejon Kumar Mishra, said he has filed the petition on behalf of 500 Punjab & Maharashtra Co-operative Bank account holders seeking lifting of restrictions imposed by the RBI on cash withdrawals.</span><br />

Most Read
View All arrow-right

No posts found.