Swarna Shukla –
Published On: October 06, 2021 at 11:35 IST
The Delhi High Court said that the Banks Board Bureau (BBB) cannot select the General Manager and Directors of Public Sector General Insurers as it is not a competent body.
The ruling came on a case filed by National Insurance Company Ltd General Manager Ravi, complaining people junior to him were selected by the BBB for the position of Director in Public Sector General Insurers twice in August 2020 and May 2021.
On hearing the case, the Court held that circulars enabling BBB to select the GM and Directors of the Government-owned General Insurers are not legally valid.
It also Ordered that the appointments made pursuant to the selections of the said posts are liable to be set aside.
The BBB is mandated to select and appoint Board members for various financial institutions in the Public Sector.
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