Search Results for "Multi-State Cooperative Societies Act"

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Search Results for "Multi-State Cooperative Societies Act"

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High Court

Bombay High Court Dismisses Writ Petition Challenging Arbitration Award in Cooperative Bank Dispute — No Interference Under Article 227 as Concurrent Findings of Fact and Law Are Not Perverse. The Court upheld the recovery certificate issued under the Multi-State Cooperative Societies Act, 2002, finding no jurisdictional error or violation of natural justice.

11 Nov 2025

The petitioner, TJSB Sahakari Bank Ltd., a multi-state cooperative bank, filed a writ petition under Article 227 of the Constitution of India challeng...

High Court

Bombay High Court Dismisses Petitions Challenging SARFAESI Act Applicability to Cooperative Banks and Arbitration Awards. Multi-State Cooperative Bank held to be a 'bank' under SARFAESI Act, and arbitration under Multi-State Cooperative Societies Act does not bar subsequent SARFAESI proceedings.

11 Jan 2024

The judgment concerns three writ petitions filed by borrowers challenging actions taken by Abhyudaya Co-operative Bank Ltd. and Piramal Capital and Ho...

High Court

Bombay High Court Dismisses Challenge to Arbitral Award in Guarantee Dispute — Guarantor's Liability Not Discharged by Family Settlement Without Bank's Consent. Family Settlement Between Guarantor and Principal Debtor Does Not Discharge Guarantor Under Section 134 of Indian Contract Act, 1872.

7 Jan 2019

The petitioner, Narinder Pal Agarwal, was a director and guarantor of Narendra Metal Converters Pvt. Ltd., which had taken loans from Saraswat Coopera...

High Court

High Court of Bombay at Goa Dismisses Borrower's Writ Petition Challenging Award and Sale of Mortgaged Property under Multi-State Cooperative Societies Act, 1984; Bank's Recovery Proceedings and Second Sale Upheld. The Court ruled that the petitioner, as a nominal member of the bank, was bound by the loan documents and statutory provisions, and his delayed allegations of fraud and membership were insufficient to set aside the finalized award and sales.

21 Mar 2017

The petitioner, a businessman, obtained a loan of Rs.96,00,000/- from the Goa State Co-operative Bank Ltd. on 17.8.1995 for construction purposes. The...

High Court

Bombay High Court Dismisses Petition Challenging Arbitral Award in Cooperative Bank Loan Recovery Case. Court upholds award under Section 34 of Arbitration and Conciliation Act, 1996 and Section 84 of Multi-State Cooperative Societies Act, 2002, finding no grounds for interference.

29 Jan 2013

The petitioners, Vedansh Hospitality and Resorts Limited and two individuals, were original respondents in an arbitration proceeding initiated by New ...

High Court

Bombay High Court Allows Petition Challenging Arbitral Award Under Section 34 of Arbitration and Conciliation Act, 1996 — Arbitrator Lacked Jurisdiction to Convert Recovery Certificate into Award Under Multi-State Cooperative Societies Act, 2002. The court set aside the award as the arbitrator had no power to treat a Recovery Certificate obtained under the Maharashtra Cooperative Societies Act, 1960 as an arbitral award.

29 Mar 2012

The petitioners, including Mrs. Aruna V. Balsekar and others, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996 challeng...

High Court

Bombay High Court Sets Aside Arbitral Award Against Guarantor Due to Limitation Bar and Lack of Membership Under Multi-State Cooperative Societies Act, 2002. The court held that a person who merely recommends a loan but is not a member of the cooperative society cannot be treated as a guarantor, and the claim filed beyond the limitation period is barred.

10 Mar 2011

The petitioner, Radheshyam S. Gupta, challenged an arbitral award dated 13 August 2008 passed under Section 84 of the Multi-State Cooperative Societie...

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