SC refuses to entertain plea on removal of withdrawal restrictions in PMC Bank  

New Delhi: The Supreme Court (SC) refused Friday to entertain a plea filed on behalf of scam-hit Punjab and Maharashtra Cooperative (PMC) Bank account holders seeking lifting of restrictions imposed by the Reserve Bank of India (RBI) on cash withdrawals.

A bench headed by Chief Justice of India Ranjan Gogoi said, “We are not inclined to entertain this petition under article 32 (writ jurisdiction). Petitioner can approach the high court concerned for appropriate relief.”

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Solicitor General Tushar Mehta said the government is aware of the seriousness of the situation and the Enforcement Directorate (ED) 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 PMC Bank account holders seeking lifting of restrictions imposed by the RBI on cash withdrawals.

Details to follow

PTI