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High Court

Bombay High Court Dismisses Petitions Challenging RBI's Moratorium and Liquidation of CKP Co-operative Bank Ltd. — Petitioners' Deposits Not Covered by Deposit Insurance as Bank Was Under Moratorium Prior to Insurance Scheme Introduction.

12 Mar 2021

The judgment pertains to a batch of writ petitions filed by depositors of the CKP Co-operative Bank Ltd., which was placed under moratorium by the Res...

High Court

High Court of Karnataka Kalaburagi Bench Adjudicates Batch of Writ Petitions Seeking Striking Down of Section 28A(5) and 28-B(2) of the Co-operative Societies Act and Quashing of Government Order. Petitioners included members and elected office bearers of co-operative societies, challenging the constitutional validity and workability of the provisions.

16 Oct 2020

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Supreme Court

Supreme Court Allows Appeal in Cooperative Bank CEO Appointment Dispute — Upholds Apex Society's Power to Depute Cadre Officers. Section 54(3) of Chhattisgarh Co-Operative Societies Act, 1960 obligates District Central Cooperative Bank to accept CEO deputed by State Cooperative Bank from its cadre.

4 Mar 2020

The dispute arose from the appointment of the Chief Executive Officer (CEO) of the first respondent, Zila Sahkari Kendriya Bank Maryadit, a District C...

High Court

High Court of Judicature at Bombay Dismisses Appeals by Bank in Securitisation Act Case Regarding Maintainability of Civil Suits — The Court Examines Whether Plaints Against Bank Are Barred Under Section 34 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

26 Oct 2018

The litigation arose from a batch of five civil suits filed by several plaintiffs against M/s. Orbit Corporation Ltd. and Axis Bank Limited, concernin...

High Court

Bombay High Court Dismisses Petition to Restrain Encashment of Bank Guarantees in Arbitration Dispute — No Case of Fraud or Irreparable Injury Established. Court held that bank guarantees are independent contracts and injunction can only be granted in exceptional circumstances of fraud or special equity, which were not made out.

11 Jan 2018

The petitioner, Felguera Gruas India Pvt. Ltd. (FGIPL), filed six arbitration petitions under Section 9 of the Arbitration and Conciliation Act, 1996,...

High Court

Bombay High Court Dismisses Bank's Challenge to Cooperative Court Orders in Service Disputes — Upholds Reinstatement and Back Wages for Employees. Cooperative Court and Appellate Tribunal orders reinstating employees with continuity of service and back wages upheld as the bank failed to prove misconduct and violated principles of natural justice.

11 Mar 2016

The petitioner, The Maharashtra State Cooperative Agricultural and Rural Development Bank Ltd., filed four writ petitions challenging identical judgme...

High Court

Bombay High Court Allows Petition Challenging Minister's Order Setting Aside Disqualification of Director in Cooperative Bank. Disqualification under Section 73EA(ii) of Maharashtra Co-operative Societies Act, 1960 is automatic and Registrar's order under Section 78(1) is ministerial; appellate authority must apply mind.

16 Aug 2012

The dispute in this writ petition relates to the disqualification of respondent No.4, Prafulla s/o Khushalrao Mankar, as a Director of the Yavatmal Di...

High Court

Bombay High Court Decides Writ Petitions by District Supervision Cooperative Societies on Legality of Contribution Orders for Cooperative State Cadre Employment Fund; Examined Impact of Section 69A and Model Byelaws.

22 Apr 2010

The matter comprised a group of writ petitions filed by various District Supervision Cooperative Societies and Taluka Supervision Cooperative Societie...

High Court

Bombay High Court Dismisses Appeals of Retired Employees Against Cooperative Bank's SARFAESI Recovery Proceedings. Employees Held Not to Be 'Borrowers' and Lack Locus Standi to Challenge Auction Sale Without Payment of Dues.

30 Nov -0001

The judgment pertains to a batch of Letters Patent Appeals filed by retired employees of Shamrao Vithal Cooperative Bank Ltd. against the dismissal of...

High Court

Bombay High Court Dismisses Petitions Challenging Cooperative Bank Recovery Proceedings Under Maharashtra Cooperative Societies Act, 1960 — Petitioners Failed to Show Any Error in the Award or Recovery Certificate.

30 Nov -0001

The judgment concerns a batch of writ petitions filed by various individuals (the petitioners) against Shamrao Vithal Cooperative Bank Ltd. (the respo...

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