scorecardresearch
Thursday, September 4, 2025
Support Our Journalism
HomeIndiaRepco MD, IAS officer to appear before court

Repco MD, IAS officer to appear before court

Follow Us :
Text Size:

Chennai, May 13 (PTI) The Madras High Court has directed the Managing Director of Repco Bank and an IAS officer to appear before it on June 17 in connection with a contempt of court case filed against them.

Justice G Jayachandran issued the direction last week (May 5) while allowing a sub-application seeking to re-open a contempt application, closed in 2021.

R S Isabella, MD of Repco Bank and Vivek Agarwal, Joint Secretary (Co-op), Central Registrar of Co-operative Societies) are required to appear before the court on June 17.

“This court is prima facie satisfied that there is a deliberate and wilful disobedience of the order passed by this court. Wanton violation of the statutory provision in the bye-law amended,” and hence the order to issue statutory notice to Vivek Agarwal and Isabella, the judge said.

Originally, P Thanapal, an Indian citizen repatriated from Sri Lanka, had filed a contempt application in 2021 alleging that even after lapse of more than a year, an order passed by the court in 2020 had not been complied with by the authorities and the said non-compliance was intentional. No attempt had been made to amend the bye-laws of Repco Bank in tune with the provisions of the Multi-State Co-operative Societies Act, 2002, despite specific direction given by this Court, he contended.

In the said contempt petition, the duo filed counter listing the steps taken to amend the bye-laws and the reason for the delay. They also informed the court that the amendment to the bye-laws in consultation with the Ministry of Home Affairs. Further, the Bank gave an assurance that as per the amended bye-laws, the process of electing the Board of Directors would be completed within 6 to 8 months. And, recording the same, the contempt petition was closed in June, 2021.

The present sub-application was filed by Thanapal to re-open the contempt petition on the ground that the duo had suppressed certain documents and got the contempt application closed. The draft amendments were not approved.

Without the approval, bye-law 30 and 39 were amended in violation of Section 41 and Section 48 of the Act, he contended. PTI COR KH KH

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

  • Tags

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular