Bombay High Court Dismisses Writ Petition Challenging Sale of Mortgaged Property by Cooperative Bank — No Material Irregularity or Fraud in Auction Sale Found. The Court held that the sale of mortgaged property under the Maharashtra Cooperative Societies Act, 1960 cannot be set aside unless the borrower demonstrates substantial injury caused by material irregularity or fraud in the conduct of the sale.
19 Aug 2015The petitioner, Suresh Narayan Rege, had obtained a loan of approximately Rs. 22,00,000 from respondent no.1, The Saraswat Coop. Bank Ltd., for his co...




