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Search Results for "cooperative bank"

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Supreme Court

Supreme Court Allows Bank's Appeal in Consumer Dispute Over Housing Society Land Transfer — Lease Renewal and Vacant Plot Compensation Denied. The Court held that the complaint by the employees' cooperative housing society was not maintainable under the Consumer Protection Act, 1986, as the bank's housing scheme was a welfare measure and not a service for consideration, and the claim was barred by limitation.

15 Nov 2019

The Supreme Court allowed the appeals filed by the Maharashtra State Cooperative Bank Ltd. against the orders of the National Consumer Disputes Redres...

Supreme Court

Supreme Court Closes Contempt Petitions Against Alchemist for Non-Payment of Rs. 4.5 Crores to Kotak Mahindra Bank, Directs Payment Subject to High Court Determination. The Court held that the order dated 07.05.2012 was binding until modified, and Alchemist's failure to pay constituted disobedience, but since the amount was deposited, no contempt action was taken.

23 Sep 2019

The Supreme Court of India disposed of contempt petitions filed by Kotak Mahindra Bank Limited (KMBL) against Alchemist Assets Reconstruction Company ...

Supreme Court

Supreme Court Allows Appeals of Secured Creditors in SARFAESI Act Case — Holds Chief Judicial Magistrate Competent Under Section 14. The Court resolved the conflict among High Courts by interpreting that the CJM can exercise powers under Section 14 of the SARFAESI Act, 2002, for taking possession of secured assets in non-metropolitan areas.

23 Sep 2019

The Supreme Court resolved a conflict among High Courts regarding the interpretation of Section 14 of the Securitisation and Reconstruction of Financi...

Supreme Court

Supreme Court Holds NGOs Substantially Financed by Government Are Public Authorities Under RTI Act. Interpretation of Section 2(h) of Right to Information Act, 2005 clarified to include non-governmental organisations receiving substantial government funds.

17 Sep 2019

The case involves appeals by D.A.V. College Trust and Management Society and other educational institutions against the Director of Public Instruction...

Supreme Court

Supreme Court Allows Appeal in IBC Case Due to Limitation Bar — Recovery Certificate of 2001 Renders Claim Time-Barred Under Article 137 of Limitation Act. The Court held that a debt based on a 2001 Recovery Certificate filed under Section 7 of IBC in 2017 is barred by limitation as the default occurred over three years prior.

2 Sep 2019

The Supreme Court allowed the appeal filed by Vashdeo R Bhojwani against Abhyudaya Co-operative Bank Ltd and another, setting aside the orders of the ...

Supreme Court

Supreme Court Allows Appeal in Cooperative Bank Liquidation Case — Recovery Proceedings Not Automatically Terminated on Expiry of Statutory Period. Section 109 of Maharashtra Cooperative Societies Act, 1960 does not extinguish pending recovery suits against defaulting members upon deemed termination of liquidation.

20 Aug 2019

The Goa State Cooperative Bank Ltd. appealed against a High Court judgment that declared winding up proceedings of the Goa, Daman and Diu Cooperative ...

Supreme Court

Supreme Court Allows Appeal in Arbitration Reference Dispute — Compromise Decree Bars Invocation of Arbitration Clause. Held that once a suit is decreed on compromise, the arbitration clause cannot be invoked for the same dispute, and the subsequent money suit based on the compromise is not covered by the arbitration agreement.

30 Jul 2019

The appellant, Zenith Drugs & Allied Agencies Pvt. Ltd., was appointed as a clearing and forwarding agent by M/s Rhone Poulene India Limited (RPIL) un...

Supreme Court

Supreme Court Allows Pension Arrears to Retired Bank Employee Despite Employer's Delay in Remitting Contribution. Employer's Obligation to Forward Pension Papers Cannot Be Withheld Due to Disciplinary Proceedings; Para 5(2) of Pension Scheme Held Ultra Vires to Deny Arrears.

12 Jul 2019

The appellant, Issac T M, was an employee of the Idukki District Co-operative Bank Ltd from 1978 until his superannuation on 31 January 2007. The Gove...

Supreme Court

Supreme Court Allows Revision Petition in Consumer Execution Proceedings. Holds that Execution is Continuation of Consumer Dispute Under Section 21(b) of Consumer Protection Act, 1986.

6 May 2019

The present Civil Appeal arose out of execution proceedings initiated by the Respondent-Complainant, K. A. Nagamani, against the Appellant, Karnataka ...

Supreme Court

Supreme Court Upholds Conviction Under Section 302 IPC for Murder with Common Intention — Premeditated Return with Deadly Weapon After Altercation Establishes Intent. The appellant's role in holding the deceased's neck while co-accused stabbed, combined with the premeditated return, justified conviction under Section 302 read with Section 34 IPC.

6 Feb 2019

The case arises from an incident on 21 October 2010 where the complainant Kalekhan and his brother Sardarkha were at Bazar Pati Chowk. The accused, in...

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