SC refuses to entertain plea on ensuring PMC Bank customers

New Delhi: The Supreme Court on Friday refused to entertain a plea seeking directions for redressal of certain aspects, including ensuring around 15 lakh people whose money is blocked in the scam-hit Punjab & Maharashtra Co-operative Bank (PMC Bank).
A bench headed by Chief Justice Ranjan Gogoi asked the petitioner to approach the high court for seeking relief on his plea.
Last month, the Reserve Bank of India (RBI) had imposed regulatory restrictions on PMC Bank under the provisions of the Banking Regulation Act.
The RBI has initially allowed depositors to withdraw a paltry Rs 1,000, followed by Rs 25,000 which has now been raised to Rs 40,000, but the customers have been demanding full access to all their accounts.
There have been at least three deaths that have been attributed to the fallout of the bank crisis.
Appearing for Centre, Solicitor General Tushar Mehta told the court that the government is taking care of concern of PMC bank account holders and taking effective steps to attach the properties of wrongdoers.