RBI Seeks Modification of Interim Orders

Authority: Supreme Court of India

Order Date: 01-10-2026

Case Overview

• Petition: Transfer Petition(s) No. 2492‑2514/2026 filed by Reserve Bank of India (petitioner) against Kolhapur District Urban Banks Co‑Op Association Ltd & others (respondents).
• Nature: Stay application (Admission IA No. 251813/2026) concerning continuation of office bearers of cooperative banks beyond statutory tenure, based on various interim orders issued by High Courts.
• Counsel for petitioner: Solicitor General Tushar Mehta, Vivek Shetty, Nishant Upadhyay, Dhaval Vora, Madhav Goel, Alankrita Sinha, Navneet R.; for respondents: N.D.B. Raju and C. Rubavathi.
• Judges: Hon’ble Mr. Justice Joymalya Bagchi and Hon’ble Mrs. Justice V. Mohana.
• Court noted that service on respondents is awaited as per the Office Report.

Final Outcome

• The Court observed that RBI may seek modification of any interim orders passed by the respective High Courts and that such a prayer will be considered “in accordance with law, at the earliest.”
• No immediate modification was ordered; the matter was listed for further hearing on 02‑11‑2026.

Topics: Banking Regulation, Interim Orders, Cooperative Banks