Kochi: The High Court has upheld the decision of the government to merge Malappuram District Co-operative Bank with Kerala Bank. The court rejected the petitions against the ordinance issued by the government merging Malappuram Bank with Kerala Bank.
The government can go ahead with the merger. The ordinance was questioned by the District Co-operative Bank Managing Committee and the Tuvur-Pulapetta Co-operative Banks and Employees’ Union, which comes under the bank.
The court rejected the plaintiffs’ contention that the ordinance was unconstitutional.
The court allowed the petitions filed by the District Co-operative Bank Employees Federation and Pulamantol Service Co-operative Bank seeking that the ordinance be legal and that the Malappuram District Bank be merged with Kerala Bank. The court directed to complete the process of merging Malappuram District Soukarana Bank with Kerala Bank immediately.
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