Sushil Muhnot, who was recently sacked as Bank of Maharashtra CMD, has moved the Delhi High Court against the Centre’s action of removing him from that post. He has filed a writ petition and the matter is expected to be taken up for hearing in early December, sources said.
In a rare instance, the Centre had last Monday (September 26) removed Sushil Muhnot as Chairman and Managing Director (CMD) of Bank of Maharashtra, four days ahead of his scheduled retirement on September 30.
The Finance Ministry had earlier this year served a show-cause notice on Muhnot, asking him to explain why he should not be terminated from his job for allegedly occupying two houses. He is said to have occupied two houses — one in Mumbai and another in Pune, the headquarters of Bank of Maharashtra
In the past, too, some state-owned bank chiefs had been issued show-cause notices. In recent history, Syndicate Bank Chief SK Jain was removed from his post following a CBI case against him
Former Corporation Bank CMD Ramnath Pradeep was issued show-cause notice for alleged violation of norms, but he completed his term.