23 November Saturday

Appointment of Administrator at State Co-op Agri and Rural Dev Bank: High Court Upholds Govt Action

Web Desk(TVM)Updated: Monday Mar 14, 2022


Kochi : The High Court on Monday upheld government’s appointment of Administrator at State Co-op Agriculture and Rural Development Bank as appropriate.

Given that General Body passed the no-confidence motion against incumbent Executive Committee, the governmental intervention cannot be viewed as flawed, observed Justices PB Suresh Kumar and SS Sudha.

With this, UDF loses its decodes-hold grip on the bank.


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