General Manager.R.B.I vs N.Venkateshaiah & Ors

The Supreme Court addressed the supersession of the Managing Committees of two Co-operative Banks under Section 30(5) of the Karnataka Co-operative Societies Act, 1959. The Court clarified that while the High Court mandated a pre-decisional hearing by the Reserve Bank of India, this question remains open for future determination as the appeals were disposed of due to intervening developments, including subsequent elections. The Court emphasized that the impugned judgment should not be treated as a precedent.