Landmark case · Law of Banking and Negotiable Instruments · Semester 5

Greater Bombay Co-op. Bank Ltd. v. United Yarn Tex (P) Ltd.

(2007) 6 SCC 236 · Supreme Court of India

Co-operative banks are not 'banking companies' for the RDDBFI Act as then worded; recovery lay before the forum the co-operative law provided.

From topic

Banking Regulation Act, 1949: business of banking — Unit I, Law of Banking and Negotiable Instruments.

Related sections:

Banking Regulation Act, 1949, 5(b) — Banking
Banking Regulation Act, 1949, 6 — Forms of business in which banking companies may engage
Banking Regulation Act, 1949, 21–22 — Power to control advances; licensing of banking companies
Banking Regulation Act, 1949, 35A — Power of the Reserve Bank to give directions