Legal Question in Banking Law in India

Re: deposit merging in advances

you can go to court, you can file applications, you can file writ, you can complain

so many options. excercise with the help and after consultation from lawyer.

Re: deposit merging in advances

The various OTS schemes are there to settle co-operative banks matters . More oever if the mandate is given by depositor to adjust the loan of third party it is binding upon liquidator. If still then he doesnot respond you can file complaint with banking Ombudsman under RBI

Re: deposit merging in advances

File a writ before Hon'ble High Court.For more advice pls contact personally with all details.

Re: deposit merging in advances

Details are missing.However, you may file necessary application before company court.In case of need contact with details.

professional charges are applicable.

Re: deposit merging in advances

You may file a writ petition before the Hon'ble High Court.

Re: deposit merging in advances

The depositors would get only dividends on the their deposits when the co-operative bank is in liquidation, unless the deposits are guaranteed by the Deposit guarantee corporation. You can complain to the Registrar of co-operative Banks and Reserve Bank of India about the harassment. You can complain even to the higher ups in Police. You can file an application to the Tribunal for co-operative banks offering the guarantee of the deposits of your friend and mother. You should consult a lawyer at your place in the matter and proceed.