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Justices G.R. Swaminathan and V. Lakshminarayanan of #MadrasHighCourt adjourn to May 29, 2026 the hearing on a case filed by temple activist T.R. Ramesh against amendment of statutory rules to permit deposit of temple funds in State owned non banking finance corporations such as Tamil Nadu Power Finance Corporation and Tamil Nadu Transport Development Finance Corporation. Senior Counsel S. Ravi, representing the petitioner, claims, the HR&CE department had deposited ₹2,700 crore of temple funds in these NBFCs over the last 10 years though their rating is the lowest. Advocate General Vijay Narayan and Additional Advocate General P.V. Balasubramaniam, representing the TN Government and TN Power Finance Corporation respectively, oppose any kind of interim order. They seek time to file detailed counter affidavits. Judges want to know by the next hearing as to whether the Tamil Nadu governnment would be willing to give a sovereign guarantee that the temple funds will be safe irrespective of the place of deposit. @THChennai Backgrounder👇
by Sekar Reporter · Published May 27, 2026
