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Bombay High Court Dismisses Writ Petition Challenging Auction Sale Under SARFAESI Act — Petitioner Failed to Deposit 25% of Sale Price. Condition Precedent Under Rule 9(3) of Security Interest (Enforcement) Rules, 2002 Not Fulfilled, and Alternative Remedy Under Section 17 of SARFAESI Act Available.

The petitioner, an individual aged about 70 years, filed a writ petition under Article 226 of the Constitution of India before the Bombay High Court c...

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Bombay High Court Allows Writ Petition Challenging Expulsion from Cooperative Society Membership. Expulsion Order Set Aside for Violation of Natural Justice as No Show Cause Notice or Hearing Was Given to the Member Under Maharashtra Co-operative Societies Act.

The petitioner, a member of respondent no.4-Society registered under the Maharashtra Co-operative Societies Act, was expelled from membership by the M...

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Bombay High Court Dismisses Bank's Petition in Cooperative Dispute Over Fraudulent Loan Account. Cooperative Court has jurisdiction to entertain dispute despite recovery certificate under Section 101 of Maharashtra Cooperative Societies Act, 1960.

The case involves a dispute between Thane Bharat Sahakari Bank Ltd (Petitioner) and Amritlal Bava (Respondent No.1) regarding a loan account. Responde...

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High Court Dismisses Petition of Cooperative Society Seeking Division of Assets Under Section 79 of Maharashtra Cooperative Societies Act. Court Holds That Section 79 Does Not Apply to Division of Assets After Bifurcation Under Section 18C, and Petitioner Must Seek Implementation of Government Order.

The petitioner, a cooperative society registered for the Bhandara district, filed a writ petition under Articles 226 and 227 of the Constitution of In...

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Bombay High Court Upholds Removal of Bank Officer for Misconduct in Loan Transaction. Disciplinary proceedings based on loan of Rs.6,500 sanctioned in 1976 held valid despite delay, as charges of moral turpitude and pecuniary benefit were proved.

The petitioner, Shri Sagar Sadashiv Kasture, was initially appointed as a Clerk in the Central Bank of India on 5 March 1973 and later promoted as an ...