GANESH BANK,KURUNDWAD LTD. vs THE UNION OF INDIA .

The Supreme Court upheld the moratorium imposed by the Reserve Bank of India under Section 45 of the Banking Regulation Act, 1949, on Ganesh Bank of Kurundwad Ltd., affirming the legality of restrictions on the bank's operations and the appointment of RBI directors. The Court found that the RBI acted within its powers to protect depositors and maintain financial stability. The appeal against the Bombay High Court's order was dismissed, confirming the amalgamation scheme with Federal Bank.