Mr. K.R. Ganesh Rao (Retired Chief Manager on superannuation from Bank of Baroda and now practicing Law at HCK Bengaluru) on 20th June, 2016 had submitted a writ petition to evolve a policy on conducting the examination of staff accountability in high volume NPAs sanctioned by the Government Appointees and supervision of NPAs, as the present in-house policy in the banks is not adequate and effective in the interest of depositors of the banking industry, tax payers and the nation.
The Court Order
After hearing Mr.K.R.Ganesh Rao, the petitioner, who is appearing in-person and looking at the prayers made in the writ petition, we dispose of the writ petition by granting liberty to the writ petitioner to make a representation to the Secretary, Ministry of Finance, Department of Financial Services, Government of India, by two weeks. If such a representation is made, the said Secretary shall consider and dispose of the same, after giving opportunity of hearing to the writ petitioner, in accordance with law.We make no order as to costs.
The Presentation to Finance Ministry
Mr. Rao represented to The Secretary, Ministry of Finance,Department of Financial Service, Government of India, New Delhi and also to the RBI, which is Respondent No. 2 in PIL, on 01.07.2016. For the details on what he presented, please click here on the link below: