Madras High Court Allows Writ Petition in Cooperative Bank Surcharge Case — Directs Recalculation of Interest at Reduced Rate as Per Government Circular. The court applied Registrar of Co-operative Societies Circular No.5 of 2024 to reduce interest on surcharge from 15% to 12% per annum on principal amount of Rs.51,260/-.
6 Jan 2026The writ petition was filed by the legal representatives of the deceased sole petitioner, R. Kuppusamy, who had been employed as a Salesman with the s...
