SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2022 Supreme(SC) 1240

K. M. JOSEPH, HRISHIKESH ROY
Bhagyoday Cooperative Bank Ltd. – Appellant
Versus
Ravindra Balkrishna Patel Deceased through his LRs. – Respondent


Advocates appeared:
For the Petitioner(s) Mr. Preetesh Kapur, Sr. Adv. Ms. Hemantika Wahi, Adv. Ms. Jesal Wahi, AOR Mr. Kabir Hathi, Adv.
For the Respondent(s): Mr. Aniruddha Deshmukh, Adv. Mr. Nikhil Goel, AOR

JUDGMENT :

K.M. JOSEPH, J.

1. Leave granted.

2. The woes of a decree holder begin after obtaining a decree. It is in execution that a decree holder is confronted with an unimaginably large number of obstacles. With the facts as unfolded in the course of the judgment, we are reinforced in our belief that there is substance in this complaint.

3. The appellant-Bank granted a financial facility to a firm (M/s. Vimal Traders, Partnership Firm). There were three partners, namely, Ravindra Balkrushna Patel and Nikhil Balkrushna Patel who are brothers and the third person was Shri Gautam Vishnuprasad Tripathi. Since the amount was not repaid, a Lavad Suit No. 2265/1984 came to be filed by the appellant-bank before the Board of Nominees under The Gujarat Co-operative Societies Act, 1961 (hereinafter referred to as ‘the Act’). The adjudicatory body passed an order on 23.09.1988. The operative portion of the order reads as follows:

    “The defendants to make payment of Rs. 2,61,314.34 ps. with 20.5% interest p.a. from the date of suit till realisation and cost of the suit to the plaintiff latest by 31.03.1989. The garnish order passed below Exh.6 is made absolute and the plaintiff is at liberty to e


Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top