Bombay HC gives no hope to PMC depositors who now wait for bank merger
The news of Maharashtra minister Jayant Patil saying that the government was mulling a merger of PMC Bank with Maharashtra State Co-op Bank Ltd in Mumbai seemed like a ray of hope for the unhappy PMC Bank depositors.
Punjab & Maharashtra Co-operative (PMC) Bank depositors' petitions were dismissed by the Bombay High Court (HC) on Thursday.
The HC said that the petitioners should approach the competent court to initiate proceedings of breach of contract if they are ag
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