Ramchandra Mule who was recently removed from the Chairmanship of the Goa Cooperative Bank has gone to the Bombay High Court challenging his ouster.
In the petition he has asked the court to declare his removal illegal as out of 16 directors of the bank only 8 of them had supported the no-confidence against him while a simple majority of 9 directors was needed for such a decision.
Earlier the High Court had dismissed Mr Mule’s petition challenging the notice issued by the registrar of cooperative societies for a meeting to take up the no-confidence motion against him.
However, in a turn of events that may yield Mule breathing space, the Supreme Court has granted him special leave to appeal the High Court’s order dismissing his earlier petition.