SC refuses to hear plea by PMC customers for lifting restrictions on withdrawals

The Supreme Court on Friday (October 18) refused to hear a plea filed on behalf of scam-hit PMC Bank account holders seeking lifting of restrictions imposed by the Reserve Bank of India (RBI) on cash withdrawals. The apex court said the PMC bank account holders can approach the High Court for relief.

A bench headed by Chief Justice of India Ranjan Gogoi said, “We are not inclined to entertain this petition under Article 32 (writ jurisdiction). The 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 culprit.

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.

(With inputs from agencies)

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