Authority: Supreme Court of India
Order Date: 01-09-2026
Case Overview
- Petitioners: Reserve Bank of India (RBI) filed Transfer Petition(s) No(s). 2492‑2514/2026 and Interim Application No. 251813/2026 seeking a stay against Kolhapur District Urban Banks Co‑Op Association Ltd and other respondents.
- Respondents: Kolhapur District Urban Banks Co‑Op Association Ltd and others.
- The matter was listed for hearing on 1 September 2026 before a bench comprising the Chief Justice, Justice Joymalya Bagchi and Justice V. Mohana.
- Counsel for the RBI included Solicitor General Mr. Tushar Mehta, Mr. Vivek Shetty, and several advocates; counsel for respondents not listed.
Final Outcome
- The Court ordered that a notice be issued to the respondents, to be returned on or before 1 October 2026.
- The Court directed that the High Courts may not pass any final order in the matter pending further directions.
Topics: Banking Regulation, Supreme Court Order