Temple money belongs to deity, cannot be used to save cooperative banks: SC | Hindustan Times

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Temple money belongs to deity, cannot be used to save cooperative banks: SC

Temple money belongs to deity, cannot be used to save cooperative banks: SC

The Supreme Court ruled that temple deity funds cannot be used to support struggling cooperative banks, emphasizing that such money should solely benefit the temple. The decision followed a Kerala High Court order mandating five banks to return the Thirunelly Temple's deposits, which the banks had repeatedly refused. The court allowed the banks to seek more time for compliance.

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