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Calcutta HC Orders Completion of 32 Banking Company Liquidation
Case Law Details
- Case Name
- Associated Bank of Tripura And Ors Vs Reserve Bank of India (Calcutta High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Calcutta High Court
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Associated Bank of Tripura And Ors Vs Reserve Bank of India (Calcutta High Court)
The Calcutta High Court disposed of an application filed by the Reserve Bank of India (RBI) under Section 39 of the Banking Regulation Act, 1949, seeking directions to complete the liquidation proceedings of 32 banking companies. The companies had been directed to be liquidated under a notification dated 3 June 2025, and several orders concerning their liquidation had earlier been passed in Company Petition No. 331 of 1949.
Pursuant to a communication dated 26 June 2024, the RBI decided to seek a...
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