STATE OF MAHARASHTRA vs BRIJLAL SADASUKH MODANI

The Supreme Court held that the respondent, a General Manager of a cooperative bank, qualifies as a public servant under Section 2(c)(iii) and (ix) of the Prevention of Corruption Act, 1988, despite his argument that he was not subject to the Act. The Court emphasized that the cooperative bank is governed by the Multi-State Cooperative Societies Act, 2002, and the Banking Regulations Act, 1949, which establish the regulatory framework and public interest oversight applicable to such institutions. The High Court's decision was upheld, affirming the applicability of the 1988 Act to the respondent's case.