No SC Respite For PMC Depositors As Court Turns Down PIL Seeking Lifting Of Cash Withdrawal Limits

In a setback to the lakhs of depositors at the scam-hit Punjab & Maharashtra Co-operative Bank (PMC Bank), the Supreme Court has refused to accept a PIL seeking directions for redressal of some of the grievances.

The court was hearing a petition filed by Delhi-based Bejon Kumar Misra, who has said that the RBI’s move has caused disastrous consequences for depositors.

He had sought the lifting of restrictions on cash withdrawals that have been capped at Rs 40,000 over a six-month period.Click Here: chloe perfume