Supreme Court of India

Managing Director Chhattisgarh State Co-operative Bank Maryadit v. Zila Sahkari Kendriya Bank Maryadit & Ors.

Neutral citation
Bench Dr. Dhananjaya Y Chandrachud and Ajay Rastogi JJ.
Decided 4 March 2020

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

1 Supreme Court bench has cited this judgment.

What the Court ordered

We hold that the State Government is empowered to issue a notification under Section 54(3) for Cooperative Banks which are Central Societies falling within the ambit of Section 49-E(2) specifying that the Cooperative Bank shall appoint its CEO from the cadre constituted by the Apex Society.

Judgment, page 35

From the headnote

Chhatisgarh Cooperative Societies Act, 1960 - ss.49- (2), 56(3) – Appellant, a State Cooperative body is the apex body of Cooperative Banks in the State of Chhatisgarh – First respondent is a District Central Cooperative Bank – Appointment of the CEO of the first respondent – Division Bench of High Court held that in terms of s.54(3), appellant had no role in the appointment of the CEO and the power to appoint a CEO could only be exercised by the Registrar upon the failure of the District Central Cooperative Bank to make an appointment within a specified time period – Held: Sub-section (1) of…

Where later benches applied it

Of those, 1 referred to

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