GENERAL MANAGER.R.B.I vs N.VENKATESHAIAH .

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, which mandates the Registrar to act upon a written requisition from the Reserve Bank of India. The Court noted that the High Court's ruling requiring a pre-decisional hearing was not necessary to resolve, as elections had occurred during the pendency of the appeals. The Court disposed of the appeals while leaving the question of the necessity of a pre-decisional hearing open for future consideration, stating that the impugned judgment should not be treated as a precedent.