No appeal in certain cases-Not with standing anything contained in the Multi State Cooperative Societies Act, 2002 , where, with the previous sanction in writing of, or on requisition by, the Reserve Bank, a Co-operative bank(a) is being wound up; or(b) in respect of which a scheme of amalgamation or reorganization is given effect to no appeal there against shall lie or be permissible, and the sanction or requisition of the Reserve Bank shall not be liable to be called in question. Section 100 of the 2002 Act is corresponding to Section 91 of the 1984 Act. reserve bank is following changes:
(1) Under Section 100 provision for revision and review is not mentioned, however, under the 1984 Act it was mentioned.
(2) Sub-section (c) of Section 91 has been deleted, which restricted appeal or revision where order for super session of Board and appointment of an administrator therefore has been made.
section 99 provides various orders and decisions against which appeal be made to the appellate authorities. But Section 100 lays down restriction appeal in certain cases. It provides that if a co-operative bank is wound up in respect of which a scheme of amalgamation or organization is given act to with the previous sanction of Reserve Bank there no appeal lies. It is provided that the sanction or requisition of the Reserve Bank is not liable called in question in cooperative society.The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.He can file his complaint before the Banking Ombudsman if the reply is not received from the bank within a period of one month, after the bank concerned has received his representation, or the bank rejects the complaint, or the complainant is not satisfied with the reply given to him by the bank. in a case referred to in clause (ii), the person who had filed the appeal dies or is adjudicated an insolvent during the tendency of the appeals and Review of multi state society before the High Court,
then, it shall be lawful for the legal representatives of such person, or the official assignee or the official receiver, as the case may be, to prefer an appeal to the High Court or to continue the appeal before the High Court in place of such person and the provisions of section 54 shall, so far as may be, apply or continue to apply to such appeal in multi state society.