After the High Court’s refusal to stay the merger of Malappuram District Cooperative Bank (Malappuram DCB) with the Kerala Bank scores of primary cooperative societies under the DCB will challenge the merger in the apex court recently, reports New Indian Express.
Manjeri MLA U A Latheef, the president of Malappuram DCB before the merger had filed a plea before the High Court.
The IUML leaders believe that the amalgamation based on the amendments in the Kerala Cooperative Societies Act can be challenged in the Supreme Court.