The Reserve Bank of India and DBS Bank have moved the Supreme Court asking it to transfer all matters related to the LVB-DBS merger to the apex court. The Supreme Court is likely to hear the matter before it closes for the winter holidays. The amalgamation scheme of Lakshmi Vilas Bank and DBS Limited is under challenge before Bombay High Court, Karnataka High Court, Madras High Court and Delhi High Court. In a hearing before the Madras High Court on Monday senior counsel Mukul Rohatgi appearing for DBS Bank submitted that the matter of transfer of all cases will be mentioned before the Supreme Court during this week itself and it is likely to be taken up before the Supreme Court closes for Winter Holidays on December 18
Comments
Post a Comment