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19 Apr 2018, 17:29 HRS IST
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SC says courts are not the place to settle business or political rivalry which has to be fought in markets or electionsThe PILs were without any truth and attempt was made to malign the judiciary: SCSC says it thought of initiating contempt proceedings against petitioners but decided not to go ahead with itSC says during arguments, counsel for petitioners forgot to maintain institutional civility towards judges and made wild allegationsSC criticises attempts by senior advocates and activist lawyers to make insinuations against judges including that of the apex courtSC says frivolous and motivated litigation has been filed to settle political rivalryIt becomes clear that with these petitions real attempt and frontal attack was made on independence of judiciary: SCDocuments placed on record and their scrutiny establishes that Loya's death was due to natural cause: SCThere is no reason to doubt statements of four judges on circumstances leading to the death of Loya: SCSC says attempts were made to scandalise judiciary by levelling serious allegations against judicial officers and judges of Bombay HCSC dismisses pleas to probe alleged mysterious death of CBI judge B H Loya, who was hearing Sohrabuddin Sheikh fake encounter case
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  • Par panel calls RBI Guv to answer queries on bank scams

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14:36 HRS IST



New Delhi, Apr 17 (PTI)
A parliamentary panel has called Reserve Bank Governor Urjit Patel on May 17 to answer queries on a spate of banking scams unearthed in the last few months, sources said.

The Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, today raised several queries related to the banking sector with Financial Services Secretary Rajiv Kumar.

"We have invited the RBI Governor on May 17. We will be asking him about the scams and other banking regulations," said a source.

Former Prime Minister Manmohan Singh, who is member of the Committee, attended the meeting.

Patel had recently said that the RBI doesn't have adequate powers to deal with pubic sector banks.

"We would like to know what kind of powers the RBI Governor needs," another source said, adding that regulation is an important part and that is why the Governor has been called.

The panel, sources said, discussed a spate of banking scams, both in public and private sector banks.

When asked if PNB and ICICI Bank issues figured during the meeting, the source said issues related with "all commercial banks, including ICICI Bank" were discussed.

The finance ministry officials gave part replies to queries of the lawmakers and they have been given three weeks time to file a complete report on questions.

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