Bhatkal: The non-confidence motion which was issued against the president of PLD Bank has not witnessed any sign of termination. The internal fight among the two groups of directors of the bank has heated up the atmosphere among the general populace.
In the light of present circumstances, the high court has rejected its stay order on Wednesday and demanded the procedure of non-confidence motion be completed at the earliest. It should be noted that the court had earlier granted the stay order of six weeks in the favor of bank president Sunil Naik.
Nag Prasanna, the advocate of bank director Ishwar Naik had presented his confirmation regarding the rejection of stay order in the court on Wednesday. He informed the court that the group which had brought the stay order from the court had not informed them about the earlier court order. The president had lost confidence, based on which the administration of bank was facing difficulties from past three months. He urged that after the announcement of election, the inference of the court in issuing the stay order was not right. According to sources, the lawyer of bank president Sunil, Adv. SK Achar responded to the court saying that a few directors of bank had wrongly used their directorial rights against the bank manager and protesting against his autocratic behavior had initiated non-confidence motion. But the advocate did not produce any witness regarding the allegations put forward by the opposite party, it was said.
On the occasion, the additional advocate, General Ponanna, speaking in favour of Cooperative Department said that the bank president had lost his majority and therefore the conducting the election was need of the time. After complete hearing from both the sides, judge SC Nazir ordered the rejection of stay order.
It is said that with the rejection of stay order, the group favoring Sunil Naik has immediately come into action and the non-confidence motion has gained momentum all over again.
The meeting held on 22nd October was postponed due to the clashes of two groups and ambiguousness in the court order.
Regarding the court order, Cooperative officer PN Naik has said that the court had rejected the stay order and demanded immediate conduction of election. He said that a respite of at least 7 days should be given for the meeting of non-confidence motion. The important decision would be taken on Thursday, he added.