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MCA hopeful of quick resolution of financial constraints issue

Press Trust of India  |  Mumbai 

The Association (MCA) is optimistic that the ongoing issue of financial constraints would be resolved soon.

There has been an administrative vacuum in the after the two retired judges appointed by the Bombay High Court relinquished their charge on September 14.

Since then, nobody in the is authorised to operate its

"We had on Friday filed a plea before the Bombay High Court. But we were asked to mention it before the vacation bench. The matter is expected to be taken up shortly," a senior told PTI Monday.

According to the official, the MCA has prayed before the court that joint authority be given to MCA Unmesh Khanwilkar and C S Naik to operate the

"We have to make payments of different people. Even we have borrowed money for giving salaries of the staff and that needs to be returned," the argued.

Another official said that the city body was optimistic that the issue would be resolved soon.

On November 1, the had refused to entertain a plea of former MCA Sharad Pawar alleging that there was no with the organisation who can sign cheques and give salaries to staff.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 20:35 IST
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