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National News

Oct 18, 2019
1:03PM

SC refuses to entertain plea by PMC account holders for lifting restrictions on cash withdrawals

File Pic: Supreme court
The Supreme court has refused to entertain a plea filed on behalf of scam-hit PMC Bank account holders seeking lifting of restrictions imposed by the Reserve Bank of India on cash withdrawals.

A bench headed by Chief Justice of India Ranjan Gogoi said the court is not inclined to entertain this petition under article 32, that is a writ jurisdiction. Petitioner can approach the high court concerned for appropriate relief.


Solicitor General Tushar Mehta said the government is aware of the seriousness of the situation and the Enforcement Directorate is taking appropriate action against the culprits.


Advocate Shashank Sudhi, appearing for petitioner Bejon Kumar Mishra, said he has filed the petition on behalf of 500 Punjab & Maharashtra Co-operative Bank account holders seeking lifting of restrictions imposed by the RBI on cash withdrawals.

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