Bombay High Court Allows Writ Petitions Challenging Co-operative Bank's Recovery Proceedings Against Guarantors Without First Proceeding Against Principal Debtor. Held That Under Section 101 of Maharashtra Co-operative Societies Act, 1960, Bank Must Exhaust Remedies Against Principal Borrower Before Proceeding Against Guarantors.
13 Jun 2018The judgment concerns two writ petitions filed against recovery proceedings initiated by The National Co-operative Bank Ltd. against guarantors of a l...






