B.P.JEEVAN REDDY, S.S.M.QUADRI
V. Narasinga Rao – Appellant
Versus
Prudential Co-operative urban Bank Ltd. , Prudential building, Rashtrapathi Road, secunderabad, represented by its Secretary – Respondent
( 2 ) I have some reservations about the correctness of the view taken by the division Bench. The respondent-Bank is governed by all the regulations of the reserve Bank of India and is amenable to its control and supervision. It discharges public functions. The control and supervision exercised by the Reserve Bank would, in my view, bring the respondent bank within the ambit of "state" in article 12 of the Constitution. As I am bound by the Division Bench, I cannot possibly take a view contrary to the one taken by the Division Bench. I think it expedient that the matter is placed before a Division Bench for appropriate consideration. I may also
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