Unity Small Finance Bank Archives

Bombay High Court Denies Urgent Relief Against Property Auction by Bank under SARFAESI Act

A commercial suit was filed along with an application for urgent relief; however, relief was denied for lack of valid authorisation to file the suit and the availability of an alternate remedy before the Debt Recovery Tribunal.

Case Briefs High Courts

Bombay HC affirms RBI’s revival plan of Punjab and Maharashtra Co-operative Bank —Unity Small Finance Bank amalgamation scheme

The Bombay High Court noted that RBI framed the PMC Bank—Unity Bank amalgamation scheme during a period of severe financial stress for PMC Bank, and held that the measures, including depositor classification and reduced interest, were valid steps taken in public interest.