The High Court of Jammu & Kashmir and Ladakh has recently observed that J&K State Cooperative Bank Ltd is an autonomous body upon which the government has no pervasive or deep control, with regard to the running of its affairs, reports Rising Kashmir.
The court said this in a service petition filed by Deputy General Manager, Ghulam Rasool Dar challenging an order passed by the Bank, registered under the J&K Cooperative Societies Act (CSA).
Holding the plea “not maintainable” the court held that the Bank is neither a creature of the Statute nor is it having any statutory power so as to qualify as “State”.