Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Defence Accounts Cooperative Bank ltd, Pune - Extension of period
RBI
The RBI, through directive CO.DOS.SED.No.S8241/12-22-316/2022-2023 on March 09, 2023, placed Defence Accounts Cooperative Bank Ltd, Pune under Directions from March 10, 2023. By directive DOR.MON.D-27/12.22.262/2024-25 dated June 07, 2024, this continues until September 10, 2024, subject to review, under Banking Regulation Act sections 35 A and 56. \r
All terms remain unchanged, as displayed at the bank's premises. The extension doesn't imply RBI's satisfaction with the bank's financial position.
