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Bombay High Court: Section 36AAA Consistent with Constitutional Framework, Empowers RBI to Supersede Multi-State Co-operative Banks’ Boards for Up to Five Years – “Stringent Regulation Essential Even Amidst Constitutional Challenges”
Court’s Decision: The Bombay High Court upheld the Reserve Bank of India's authority to supersede the board of a multi-state co-operative bank. This decision was based on the conclusion that…









