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14 judgments · newest first · showing 1–14
The Godavari Urban Multi State Credit Co-operative Society Ltd initiated arbitration against four appellants for recovery of a Rs.24 lakh loan, resulting in an arbitral award of Rs.33,87,408 with interest. The appellants challenged the award under Section 34 of the Arbitration and Conciliation Act, …
The Godavari Urban Multi State Credit Co-operative Society Ltd initiated arbitration against four appellants for non‑repayment of a Rs 24 lakh loan. The Arbitral Tribunal awarded the society Rs 33,87,408 with interest, which the appellants challenged under Section 34 of the Arbitration and …
The petitioners, legal heirs and guarantors of a deceased borrower, challenged an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996 that ordered them to pay Rs 18.95 crore with interest to a multi‑state co‑operative society. They contended that the arbitrator lacked …
Manish Kumar, a regular HR Officer of the Bihar State Cooperative Marketing Union Limited (BISCOMAUN), was suspended on 2 April 2025 and was asked to show cause why his contract should not be terminated, despite being a probationary employee and not a contract worker. He filed a writ petition …
The Saraswat Co‑op. Bank Ltd, a multi‑state cooperative bank, sought to dismiss a summary suit filed by Mulani Associates for recovery of professional fees for valuation services, arguing that the suit fell within Section 115 of the Multi‑State Co‑operative Societies Act, 2002 which requires prior …
The petitioners, members of Abhyudaya Co‑Op Bank, defaulted on loan repayments and the bank referred the dispute to arbitration under Section 84 of the Multi‑State Co‑operative Societies Act, 2002, also invoking the SARFAESI Act. The arbitrator issued awards which the petitioners challenged under …
The petitioners, members of Abhyudaya Co‑op Bank, defaulted on loan repayments and the bank referred the dispute to arbitration under Section 84 of the Multi‑State Co‑operative Societies Act, 2002, also invoking the SARFAESI Act for security enforcement. The arbitrator issued awards which the …
The Court examined whether co‑operative banks, which are societies registered under State legislation, fall within the Union List entry 45 (banking) or the State List entry 32 (co‑operative societies) for the purposes of the Securitisation and Reconstruction of Financial Assets and Enforcement of …
The Supreme Court dealt with contempt petitions filed by M/s Writers and Publishers Pvt. Ltd. (WPL) seeking the disbursement of proceeds from the sale of Super Bazar assets after the Court had earlier ordered a full refund of WPL's investment with interest, subject to deduction of profits. The Court …
The Citizen Co-operative Society Ltd., a multi‑state cooperative credit society, claimed deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961. The Assessing Officer, CIT(A) and ITAT held that the society’s activities amounted to a finance business involving "nominal members" and were not …
The appellant, a successful purchaser at a sealed‑tender sale, sought to enforce a sale certificate issued after the execution of an award under the Multi‑State Co‑operative Societies Act, 1984. The respondents, borrowers, had defaulted on a loan and the property was sold after multiple failed …
The appellants, Sahyadri Co‑operative Credit Society Ltd. and Navhind Co‑operative Credit Society Ltd., had advanced loans to sugar factories Daulat Shetkari Sahakari Sakhar Karkhana Ltd. and Tasgaonkar Sugar Mills Ltd. and obtained a pledge over sugar stock as security. When the factories …
Petitioner Pratibha Ramesh Patel filed a writ petition under Article 32 of the Constitution challenging the constitutionality of sections 2, 12 and 15(a) of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2012, which incorporated cooperative societies within the …
The Greater Bombay Co‑operative Bank Ltd. advanced loans to its member company United Yarn Tex Pvt. Ltd. and sought recovery of the dues under the Maharashtra Co‑operative Societies Act, 1960. The High Courts held that, after the establishment of the Debt Recovery Tribunal under the Recovery of …
