In Brief
A Managing Director of the Chhattisgarh State Co-Operative Bank challenged the removal action taken by an interim Chief Executive Officer (CEO) appointed to a Central Co-operative Bank, arguing that the appointee did not meet RBI eligibility criteria. The Supreme Court allowed the appeal, holding that specific statutory provisions governing CEO appointment under Section 49-E of the Chhattisgarh Co-Operative Societies Act, 1960, override the general power of the State Government to issue notifications. Applying the principle that the specific excludes the general, the Court harmoniously interpreted conflicting provisions to ensure statutory amendments are given full effect and every provision is rendered workable.
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