SC refuses to entertain plea on insuring PMC Bank customers

The Supreme Court on Friday refused to entertain a plea seeking directions for redressal of certain aspects, including insuring around 15 lakh people whose money is blocked in the scam-hit Punjab & Maharashtra Co-operative Bank (PMC Bank).

A bench headed by Chief Justice Ranjan Gogoi asked the petitioner to approach the high court for seeking relief on his plea.

Last month, the Reserve Bank of India (RBI) had imposed regulatory restrictions on PMC Bank under the provisions of the Banking Regulation Act.

Read More: https://www.bhaskarlive.in/sc-refuses-to-entertain-plea-on-insuring-pmc-bank-customers/