“Temple money belongs to deity, cannot be used to save cooperative banks’: Supreme Court

New Delhi, 5/12: The Supreme Court on Friday said that money belonging to a temple deity cannot be used to prop up financially distressed cooperative banks.

The sharp observations were made by a bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi while hearing appeals filed by a few cooperative banks challenging a direction of the Kerala High Court asking them to return the deposits to the Thirunelly Temple Devaswom.