Nagpur : A petitioner here has alleged through a public interest litigation that the Reserve Bank of India (RBI) and Deposit Insurance & Credit Guarantee Corporation Ltd. (DICGC) have "extorted" crores of rupees from about 200 "failed" banks including the Nagpur Mahila Nagari Sahakari Bank Ltd. Justice Sharad Bobde and Justice MN Gilani have granted further time of four weeks to the respondents to make their submissions through affidavits in reply to the allegations and prayers made in the PIL. One Sunil Prabhat Khare had filed the PIL and earlier on June 22 last, Justice Bhushan Dharmadhikari and Justice PD Kode had issued notice to the respondents. Khare alleged that DICGC has recovered premium up to the year 2009 from the Mahila Bank, though its license was suspended and the Mahila Bank was placed under restrictions issued by RBI from 2004. The petitioner has also alleged that both the respondents have violated the provisions of sections 15(1) and 13C of the DICGC Act, 1961 and forced the Mahila Bank to part with about Rs 50 lakhs during the years 2004 to 2009 from the funds/ assets belonging to the petitioner-depositors in the name of "insurance premium". Khare also claimed that DICGC has retained such amounts though it is not entitled to do so. The petitioner appeared in person. Advocates SN Kumar and Swapnil Lautewar represented the RBI. Advocate Sumant Deopujari also appeared in the matter.
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