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2016 Supreme(SC) 1419

RANJAN GOGOI, ARUN MISHRA, PRAFULLA C.PANT
Pandurang Ganpati Chaugule – Appellant
Versus
Vishwasrao Patil Murgud Sahakari Bank Ltd. – Respondent


Advocates Appeared:
Devansh A. Mohta, Shishir Deshpande, Amit Yadav, Sujata Kurdukar, Arun Aggarwal, Taranjeet Singh, Advocates Gaurav Agrawal, AOR P.S. Narasimha, ASG Yashank Adhyari, Sr. Advocate, Kiran Bhardwaj, Sunita Sharma, B.K. Prasad, Sushma Suri, Advocates Subramonium Prasad, Sr. Advocate, Abhay Kumar, AOR Ashmeet Singh, Advocate Yadav Narender Singh, AOR Chirag M. Shroff, AOR Nikhil Nayyar, AOR Akash Kakade, Satyajit Desai, Advocates Anagha S. Desai, AOR Chandan Ramamurthi, AOR Vanshaja Shukla, AOR R.N. Dhorde, Sr. Advocate M.Y. Deshmukh, Onkar Nath, Saurabh Tuteja, Advocates Rameshwar Prasad Goyal, AOR Renjith B. AOR Arvind Kumar, Purti, Chinban Chouhan, Ganesh D. Gurnule, Advocates A. Venayagam Balan, AOR Pradhuman Gohil, Taruna Singh Gohil, Himanshu Charubey, Advocates Charu Mathur, AOR Satpal Singh, AOR Vijay Kumar, AOR S. Sadasiva Reddy, Mathews J. Nedumpara, A.C. Philip, Anjan Sinha, Advocates S. Usha Reddy, AOR Pooja Sharma, A.V. Manavalam, Advocates H. Chandra Sekhar, AOR Nikhil Goel, AOR Naveen Goel, Marsook Bafaki, Advocates Bankey Bihari Sharma, AOR Lakshmi Raman Singh, AOR Vikas Mehta, AOR Sujata Kurdukar, AOR Sarad Kumar Singhania, AOR Harish Pandey, AOR N. Ganpathy, AOR Amar Dave, P.S. Sudheer, AOR Rishi Maheshwari, Shruti Jose, R.N. Singh, Rajiv Kumar, Advocates Kusum Chaudhary, AOR Amol Chitale, Advocates Pragya Baghel, AOR Samten Doma, M. Khairati, Advocates Irshad Ahmad, AOR M.J. Paul, AOR Garvesh Kabra, AOR Anirudh Sanganeria, Advocate Mukul Kumar, AOR S.K. Kulkarni, M. Gireesh Kumar, Shubham Jaiswal, Advocates Ankur S. Kulkarni, AOR E.C. Agrawala, AOR Vikrant Pachnanda, Devika Mohan, Mahesh Agrawala, P.B. Suresh, Udayaditya Banerjee, Advocates for Temple Law Firm, AOR Gaurav Goel, Advocate Garima Prashad, AOR Shishir Deshpande, AOR Rakhi Ray, AOR Atul Babasaheb Dakh, AOR Santosh Krishnan, AOR Vineet Bhagat, AOR R. Shrivastav, Advocate K. Krishna Kumar, AOR Mathews J. Nedumpara, A.C. Philip, Anjan Sinha, Rabin Majumder, AOR B.B. Sawhney, Sr. Advocate, Yashank Adhyaru, Sr. Advocate, T.R. Razdan, Sadhna Sandhu, Aditiya Shandiliya, R.K. Verma, Sushma Suri, AOR Anup Jain, AOR Ahishek Baid, Amol Nirmalkumar Suryawanshi, AOR Mathews J. Nedumpara, A.C. Philip, Anjan Sinha, E.R. Sumathy, AOR Vinay Navare, Abha R. Sharma, AOR Debmalya Banerjee, Jasmeet Singh, A.S. Aman, Manish Sharma, Manik Karanjawala, Advocates for Karanjawala & Co., AOR Aniruddha P. Mayee, AOR S.S. Panesar, Selvin Raja, Advocates Jaideep Gupta, Sr. Advocate, Kuldeep S. Parihar, Advocate H.S. Parihar, AOR Uday B. Dube, AOR Vibha Datta Makhija, Sr. Advocate, Rashmi Singhania, Praveen Chaturvedi, AOR Pratap Venugopal, Surekha Raman, Purushottam Kumar Jha, Niharika and Anuj Sarma, Advocates for M/s. K.J. John & Co., AOR M.T. George, AOR Shreekant N. Terdal, AOR Praveena Gautam, AOR Deepak Tyagi, Pusshp Gupta, Advocates Shivaji M. Jadhav, AOR Rajani K. Prasad, Advocate N. Annapoorani, AOR Anil Kumar Mishra, AOR D.M. Nargolkar, AOR Piyush Sharma, AOR D. Bharat Kumar, Advocate Abhijit Sengupta, AOR B. Subrahmanya Prasad, AOR Arjun Krishnan, AOR Ankur Singh, Suresh Datt Dobhal, Advocates Ankur Prakash, AOR V.N. Raghupathy, AOR Siddhesh Kotwal, Raghunatha Sethupathy, Advocates Nirnimesh Dube, AOR Pravin Satale, Advocate Rajiv Shankar Dvivedi, AOR Hemantika Wahi, AOR Jesal Wahi, Advocate S.N. Bhat, AOR Rajeev K. Panday, Advocate Rajeev Maheshwaranand Roy, AOR Anuradha Mutatkar, AOR S.M. Jadhav and Darpan Bhuyan, Advocates for M/s. S.M. Jadhav & Company, AOR J.P. Cama, Sr. Adv., Krishan Kumar, AOR M. Prasad, Rajesh Mahale, AOR Arun Aggarwal, AOR P.I. Jose, AOR Dr. Lalit Bhasin, Nina Gupta, Mudit Sharma, Parvez A. Khan, Palak Chadha, Advocates P.V. Yogeswaran, AOR Gaurav Nair, Varun Singh, Abhisth Kumar, Shamik Sanjanwala, Kailash Pandey, Ranjeet Singh, K.V. Sreekumar, Manish Pitale, Deeplaxmi S. Matwankar, C.S. Ashri, S. Wasim A. Qadri, Jubair Ahmad Khan, Zaid Ali, Tamim Qadri, Saurabh Chopra, L.R. Singh, Renjith B. Marar, Lakshmi N. Kaimal, Anas Muhammed Shamnad R., Anu Dixit Kaushik, Pankaj Kumar Singh, Manindra Dubey, Satpal Singh, Neha Sharma, Deeptakirti Verma, AOR Jyotika Kalra, Gaurav Sharma, Prateek Bhatia, D. Mohan, Vara Gaur, Advocates Asha Gopalan Nair, AOR Sonal Jain, AOR Anil Kumar Sangal, AOR.

ORDER :

We have read and considered the order dated 30th July, 2015 referring the matters to a larger Bench in view of conflicting decisions in Greater Bombay Coop. Bank Ltd. v. United Yarn Tex (P) Ltd. and others [(2007) 6 SCC 236] and the earlier pronouncements of this Court in Delhi Cloth & General Mills Co. Ltd. v. Union of India [(1983) 4 SCC 1666], T. Velayudhan v. Union of India [(1993) 2 SCC 582] and Union of India v. Delhi High Court Bar Association [(2002) 4 SCC 275].

2. The basis on which the decisions, referred to above, have been reached by the respective Benches relate to the scope of the legislative fields covered by Entry 45 of List I and Entry 32 of List II of the Seventh Schedule which question undoubtedly touches upon the issue in hand, namely, the applicability of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFASI Act) to Cooperative Societies/Banks. As the decisions in conflict are of coordinate Benches (three judges' Bench) the reference, in our considered view, ought to have been made to a larger Bench. We, therefore, direct the Registry to place the papers before the Hon'ble the Chief Justice of In

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