Search Results for "cooperative bank loan recovery"

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High Court

Bombay High Court Allows Writ Petition Challenging Attachment Notice Against Bona Fide Purchaser of Flat from Borrower. Recovery Certificate Not Binding on Purchaser Who Paid Full Consideration Before Loan Availed.

19 Dec 2023

The petitioner, Swati Mangesh Sawant, filed a writ petition challenging a notice dated 12 March 2021 issued by the Special Recovery Officer and a Reco...

Supreme Court

Supreme Court Allows Appeals in Co-operative Society Recovery Case, Restoring Auction Sale. The High Court's order setting aside the auction sale was quashed due to borrower's failure to demonstrate substantial injury and non-compliance with procedural rules under the Maharashtra Co-operative Societies Act, 1960 and Rules, 1961.

16 Feb 2022

The dispute arose from recovery proceedings initiated by a co-operative bank against a borrower, Vaishnavi Hatcheries Company Limited, and its directo...

High Court

Bombay High Court Allows Cooperative Bank's Petition Against Setting Aside of Ex Parte Award Against Principal Borrower. Principal Borrower Cannot Participate in Proceedings Without Depositing Loan Amount.

2 May 2019

The case involves two writ petitions filed by Rupee Cooperative Bank Limited against Vijaya Paints Pvt. Ltd. and others. The bank had obtained an ex p...

High Court

High Court of Karnataka Dismisses Writ Petition of Cooperative Bank Challenging Loan Recovery Orders. Court upholds government and registrar orders directing recovery, finding no violation of natural justice or statutory provisions under the Karnataka Cooperative Societies Act, 1959.

7 Feb 2019

The petitioner, South Canara District Co-operative Bank Ltd., a district cooperative bank responsible for distributing agricultural credit funds from ...

High Court

Bombay High Court Dismisses Challenge to Maharashtra's Loan Waiver Scheme for Farmers — Scheme Held Not Arbitrary or Unconstitutional. Court finds that the classification based on loan amount is reasonable and does not violate Article 14 of the Constitution.

25 Jul 2017

The petitioner, Sanjaykumar Bhalchandra Patil, a farmer from Jalgaon, filed a writ petition under Article 226 of the Constitution of India challenging...

High Court

Bombay High Court Dismisses Challenge to Maharashtra's Loan Waiver Scheme for Farmers — Scheme Held Not Arbitrary or Unconstitutional. The Court upheld the Chhatrapati Shivaji Maharaj Shetkari Sanman Yojna, 2017, finding the classification between farmers with loans up to Rs.1.5 lakh and those with larger loans to be reasonable and based on a valid policy objective.

25 Jul 2017

The petitioner, Sanjaykumar Bhalchandra Patil, a farmer from Ganpur, Taluka Chopda, District Jalgaon, filed a writ petition under Article 226 of the C...

High Court

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.

7 Nov 2014

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

High Court

Bombay High Court Dismisses Writ Petition Challenging Recovery Certificate Under MCS Act for Non-Availment of Statutory Remedy. Court holds that remedy under Section 154 read with Section 154(2A) of the Maharashtra Cooperative Societies Act, 1960 is a statutory remedy and not merely an alternate remedy, and writ jurisdiction under Article 227 should not be entertained when statutory remedy is available.

28 Aug 2014

The petitioner filed a writ petition under Article 227 of the Constitution of India challenging a recovery certificate issued under Section 101 of the...

High Court

Bombay High Court Allows Writ Petition Challenging Recovery Proceedings Under Maharashtra Cooperative Societies Act — Failure to Provide Loan Documents and Proper Hearing Violates Principles of Natural Justice. Recovery Certificate Quashed and Matter Remanded for Fresh Consideration with Opportunity of Hearing.

30 Nov -0001

The petitioners, a partnership firm and its partners, filed a writ petition challenging the recovery proceedings initiated by respondent No.3, the Vai...

Tribunals

NCLAT Upholds Admission of CIRP Against Corporate Debtor Under Section 7 of IBC, 2016 — Asset Reconstruction Company Held to be Financial Creditor and Application Not Barred by Limitation.

30 Nov -0001

The appeal was filed by the suspended director of M/s. Sri Pavana Keerthi Hotels India Private Limited (Corporate Debtor) against the order of the Nat...

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