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Bishop of Kottayam and ors. Vs. Union of India (Uoi) and ors.

Court : Kerala

Subject : BankingCommercial

Acts : Banking Regulation Act, 1949 - Sections 45(1), 45(3), 5 and 69; Foreign Exchange Regulation Act, 1973 - Sections 6; Constitution of India - Article 26 and 26(3)

Reported in : AIR1986Ker126; [1989]65CompCas48(Ker)

Bhaskaran Nambiar, J.1. In exercise of the powers conferred under Section 45(1) of the Banking Regulation Act, 1949 (Act 10 of 1949), the Government of India claimed moratorium on the Bank of Cochin from the close...