Supreme Court of India

Sandeep S. Ghandat v. Reserve Bank of India

Neutral citation
Bench Pamidighantam Sri Narasimha and Alok Aradhe JJ.
Decided 3 September 2026

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

What the Court ordered

For the foregoing reasons, we find no infirmity in the impugned judgment warranting interference in these appeals.

Judgment, page 24

In brief

Abhyudaya Co-operative Bank, first registered under the Maharashtra Co-operative Societies Act and converted into a bank in 1965, was declared a scheduled bank in 1988 and, following an RBI direction under Section 45 of the Banking Regulation Act, amalgamated with two Gujarat banks and one Karnataka bank, thereby becoming a multi-State co-operative bank. The appellants were elected to its Board of Directors in May 2019 for a statutory five-year term.…

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