R. C. Cooper: Difference between revisions
Added about interim order of 22 July of Supreme court. |
Added about Banking Act brought on 21 July. |
||
| Line 6: | Line 6: | ||
On 19 July 1969, Acting President [[V. V. Giri]] gave assent to the ordinance prepared by [[Indira Gandhi]]'s government to nationalize fourteen banks, which held the deposits of more than fifty crores rupees. On 20 July 1969, Cooper who was one of the shareholder in [[Central Bank of India]], [[Bank of Baroda]], [[Union Bank of India]] and [[Bank of India]] filed petition in [[Supreme Court of India]] challenging the ordinance and claiming violation of their rights under ''Article 14, Article 19'' and ''Article 31'' of [[Indian Constitution]].<ref name=":0">{{Cite book |last=Austin |first=Granville |url=https://books.google.co.in/books/about/Working_a_Democratic_Constitution.html?id=r42bAAAAMAAJ |title=Working a Democratic Constitution: The Indian Experience |publisher=Oxford University Press |year=1999 |isbn=0195648889 |pages=215 |language=en}}</ref><ref>{{Cite web |date=10 February 1970 |title=Rustom Cavasjee Cooper vs Union Of India |url=https://indiankanoon.org/doc/513801/ |website=indiankanoon.org}}</ref> |
On 19 July 1969, Acting President [[V. V. Giri]] gave assent to the ordinance prepared by [[Indira Gandhi]]'s government to nationalize fourteen banks, which held the deposits of more than fifty crores rupees. On 20 July 1969, Cooper who was one of the shareholder in [[Central Bank of India]], [[Bank of Baroda]], [[Union Bank of India]] and [[Bank of India]] filed petition in [[Supreme Court of India]] challenging the ordinance and claiming violation of their rights under ''Article 14, Article 19'' and ''Article 31'' of [[Indian Constitution]].<ref name=":0">{{Cite book |last=Austin |first=Granville |url=https://books.google.co.in/books/about/Working_a_Democratic_Constitution.html?id=r42bAAAAMAAJ |title=Working a Democratic Constitution: The Indian Experience |publisher=Oxford University Press |year=1999 |isbn=0195648889 |pages=215 |language=en}}</ref><ref>{{Cite web |date=10 February 1970 |title=Rustom Cavasjee Cooper vs Union Of India |url=https://indiankanoon.org/doc/513801/ |website=indiankanoon.org}}</ref> |
||
On 22 July 1969, an eight-judge bench of [[Supreme Court of India|Supreme Court]] gave interim order restraining the government to remove banks chairmen and giving the direction to the banks under ''Banking Companies Act 1968,'' despite [[Attorney-General for India|Attorney-General]] [[Niren De]]'s argument that nationalization is a policy decision and not subject to court scrutiny''.''<ref name=":0" /> |
On 21 July 1969, [[Indira Gandhi]]'s government brought ''Banking Companies (Acquisition and Transfer of Undertakings)'' ''Act'' on the floor of [[Parliament of India]].<ref>{{Cite web |last=Nagpal |first=Abhinav Kumar & Chetan |date=2020-06-17 |title=50 Years to Bank Nationalisation Case: Rustom Cavasjee Cooper v. Union of India |url=https://www.livelaw.in/columns/50-years-to-bank-nationalisation-case:-rustom-cavasjee-cooper-v.-union-of-india-(1970)-1-scc-248-158474 |url-status=live |archive-url=https://web.archive.org/web/20200617132526/https://www.livelaw.in/columns/50-years-to-bank-nationalisation-case:-rustom-cavasjee-cooper-v.-union-of-india-(1970)-1-scc-248-158474 |archive-date=17 June 2020 |access-date=2023-03-13 |website=www.livelaw.in |language=en}}</ref> On 22 July 1969, an eight-judge bench of [[Supreme Court of India|Supreme Court]] gave interim order restraining the government to remove banks chairmen and giving the direction to the banks under ''Banking Companies Act 1968,'' despite [[Attorney-General for India|Attorney-General]] [[Niren De]]'s argument that nationalization is a policy decision and not subject to court scrutiny''.''<ref name=":0" /> |
||
== References == |
== References == |
||
Revision as of 07:58, 13 March 2023
Rustom Cavasjee Cooper (18 August 1922 – 18 June 2013) was an Indian politician and chartered accountant.[1] He served as treasurer and general-secretary of Swatantra Party.[2] Between 1963 – 1964, he also served as president of Institute of Chartered Accountants of India.[3]
Rustom Cavasjee Cooper vs Union of India
On 19 July 1969, Acting President V. V. Giri gave assent to the ordinance prepared by Indira Gandhi's government to nationalize fourteen banks, which held the deposits of more than fifty crores rupees. On 20 July 1969, Cooper who was one of the shareholder in Central Bank of India, Bank of Baroda, Union Bank of India and Bank of India filed petition in Supreme Court of India challenging the ordinance and claiming violation of their rights under Article 14, Article 19 and Article 31 of Indian Constitution.[4][5]
On 21 July 1969, Indira Gandhi's government brought Banking Companies (Acquisition and Transfer of Undertakings) Act on the floor of Parliament of India.[6] On 22 July 1969, an eight-judge bench of Supreme Court gave interim order restraining the government to remove banks chairmen and giving the direction to the banks under Banking Companies Act 1968, despite Attorney-General Niren De's argument that nationalization is a policy decision and not subject to court scrutiny.[4]
References
- ^ NETWORK, LIVELAW NEWS (2013-06-21). "R C Cooper, Petitioner in Bank Nationalization case passes away". www.livelaw.in. Retrieved 2023-03-13.
- ^ "Dr Rustom C. Cooper". ISSN 0140-0460. Retrieved 2023-03-13.
- ^ "ICAI - The Institute of Chartered Accountants of India". ICAI. Retrieved 2023-03-13.
- ^ a b Austin, Granville (1999). Working a Democratic Constitution: The Indian Experience. Oxford University Press. p. 215. ISBN 0195648889.
- ^ "Rustom Cavasjee Cooper vs Union Of India". indiankanoon.org. 10 February 1970.
- ^ Nagpal, Abhinav Kumar & Chetan (2020-06-17). "50 Years to Bank Nationalisation Case: Rustom Cavasjee Cooper v. Union of India". www.livelaw.in. Archived from the original on 17 June 2020. Retrieved 2023-03-13.