Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
The Hindu Bureau

Hearing on appeal against Malappuram cooperative bank merger adjourned

A Division Bench of the Kerala High Court on Friday adjourned to December 4 the hearing on an appeal filed against a single judge’s order dismissing a writ petition challenging the compulsory merger of Malappuram District Cooperative Bank with Kerala State Cooperative Bank (Kerala Bank).

The appeal was filed by U.A. Latheef, Indian Union Muslim League MLA and former president of the Malappuram District Cooperative Bank, and another person. In the petition, the MLA had challenged the amendments brought to the Kerala Cooperative Societies (KCS) Act, which empowered the Registrar of the Cooperative Societies to amalgamate a District Central Cooperative Bank (DCCB) in public interest with the Kerala Bank even if a district cooperative bank had not passed the resolution as required under Section 14A of the KCS Act.

While all district cooperative banks had passed resolutions in favour of the amalgamation with the Kerala Bank, a resolution introduced for merger of the Malappuram District Cooperative Bank was defeated when it was put to vote in the general body.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.