The cooperative banks have petitioned the Kerala High Court to strike down the cooperative societies ordinance 2012 promulgated by the state government.
The ordinance seeks to dissolve the board of directors of district cooperative banks and appoint administrators for managing the affairs of these banks.
The cooperative banks see the ordinance not only as illegal and arbitrary but also as a move aimed at putting them under the authority of the government.
The petitioners have submitted before the court that the present ordinance goes against the high court order upholding the pervious govt’s decision to give voting right to primary cooperative societies except agricultural credit societies and urban cooperative banks.
