Consider afresh applications seeking money for emergencies: HC to PMC Bank
The Delhi High Court on Monday directed the administrators of Punjab and Maharashtra Co-operation (PMC) Bank to decide afresh about the applications of depositors seeking money for the medical and educational emergencies. The court also directed the petitioner to submit the list of depositors before administrators, which included medical and educational emergencies within three weeks. The Bench of Justice DN Patel and Justice Jyoti Singh said, "We direct the depositors to approach the administrators of PMC Bank giving the need in detail, for which they would require the money. Administrato...
Source: business-standard.com