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HomeBhalchandra Dinkar Gondekar And Ors vs Reserve Bank Of India Thr. Governor...

Bhalchandra Dinkar Gondekar And Ors vs Reserve Bank Of India Thr. Governor And … on 9 March, 2026

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1. The seven Writ Petitions before us raise a challenge to

the Notification dated 25/01/2022, issued by the Ministry of

SPONSORED

Finance, thereby granting its approval to the scheme

formulated by the Reserve Bank of India (for short, ‘RBI’)

under Section 45 of the Banking Regulation Act, 1949 (for

short, ‘BR Act’) in form of “Punjab and Maharashtra Co-

Operative Bank Ltd. (Amalgamation with Unity Small Finance

Bank Limited) Scheme, 2022”, which came into force w.e.f.

25/01/2022. In the separate Petitions filed by the

individuals/society, diverse objections are raised against the

scheme of amalgamation, but the commonality of the group of

5/119 WP-8534-22 GRP.odt

Petitions listed before us is the relief sought i.e. issuance of

writ of mandamus or any other appropriate writ for quashing

and setting aside the scheme of amalgamation as non-

constitutional, being ultra vires inter alia Article 14, 19(1)(g)

and 300A of the Constitution of India and also being violative

of provisions of the Banking Regulation Act, 1949.



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