The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nagpur City

Finally justice to workers as HC orders confiscation of MSC Bank in Nagpur

by TLN Team February 11, 2021
written by TLN Team February 11, 2021
Finally justice to workers as HC orders confiscation of MSC Bank in Nagpur

The Nagpur bench of the Maharashtra High Court today ordered the confiscation of Maharashtra State Co-operative Bank (MSC) at Mahal, Gandhi Sagar in Nagpur in a case of misappropriation of Rs 13,89, 84,334. However, on February 8, 2021, the bank had moved the High Court seeking stay of the proceedings and intervening and approving the new petition. However, a bench of Justices Anil Killore and Nitin Jamdar of the Nagpur Bench of the High Court on February 11, rejected the bank’s plea and said it was unable to intervene in the apex court’s decision. And ordered the confiscation of the bank by the petitioner. As a result, all avenues of the bank are now closed and about 700 workers who have been fighting court battles for over 13 years are rejoicing.

The movable property, building, furniture, computer and all other items in the bank will be confiscated as per the confiscation order issued by the Supreme Court on Thursday. The MSC bank account with Bank of Baroda, which belongs to Maharashtra State Co-operative Bank, has also been frozen and confiscation action will be taken by the administration on Friday. The administration of the bank is shaken as the bank will be confiscated and on February 12 the bank itself is expected to pay DD of Rs 13,  89, 334 crore directly to the workers’ union.

In particular, the Supreme Court on December 4, 2019 ordered the recovery of the bank within 6 months. And if the bank did not pay Rs 13, 89,84, 334 to the workers, it had ordered confiscation of the bank’s assets within six months. Wainganga  Co-operative Sugar Factory was the petitioner its elected representative Babulal Lade, Vishwanath Buddhe, Premlal Patel participated in the proceedings. Their lawyer Adv Rahul Zambre and Adv Santosh Chande, while Adv S K Mishra was the layer from Bank side. 

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Some UN-ANSWERED questions related to revision of bank pension: K Jagdeeshan
next post
Green Flag Club drub Rahul Academy 4-1 in NDFA Senior Division Football League

You may also like

Ramdam sehri, Iftar time table, check below

March 23, 2023

Aakash Thosar and their team visit Kamla Nehru...

March 23, 2023

NIA raids house of Nagpur resident over suspected...

March 23, 2023

Meteorological exhibition at RMC, Nagpur today

March 23, 2023

Sindhi Walkathon season 4 on March 26

March 22, 2023

“Ethics, economy, ecology and environment are the three...

March 21, 2023

Atmadeepam Society hosts certificate distribution program for VI/Blind candidates 

March 21, 2023

Wedding and summer edition by Riwaazz exhibition on...

March 21, 2023

A business woman booked for man’s suicide and...

March 21, 2023

Role of Civil Society in Promoting Human Development’...

March 21, 2023

Trending News

  • Salman Khan receives threat on email from Bishnoi gang, FIR filed

    March 19, 2023
  • Leopard from Pakistan enters Indian territory, watch video

    March 19, 2023
  • New COVID protocol for cricketers ahead of IPL 2023

    March 19, 2023
  • COVID-19 pandemic likely to settle as seasonal flu : WHO

    March 19, 2023
  • H3N2 Influenza: Maharashtra reports 2 deaths, Nagpur 1& Ahmednagar 1

    March 15, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

February 2021
M T W T F S S
« Jan   Mar »
1234567
891011121314
15161718192021
22232425262728

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.