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

2012 Supreme(Guj) 832

BHASKAR BHATTACHARYA, J.B.PARDIWALA
Issan Overseas Ltd – Appellant
Versus
Abhyuday Co-Operative Bank Ltd – Respondent


Advocates Appeared:
For the Petitioner:Mr. Vishwas K. Shah, Advocate
For the Respondent:Nanavati Associates, Mr. S.N. Soparkar, Sr. Advocate With Mr. Amar Bhatt, Advocate, Mr. P.K. Jani, G.P. With Mr. Rasesh Rindani, AGP., Mr. Anshin H. Desai, Advocate.

JUDGMENT :

J.B. Pardiwala, J.

By way of this petition under Article 226 of the Constitution, the petitioner No.1, a debtor and a defaulter of a Co-operative Bank, has prayed for an appropriate writ, order or direction to quash and set aside order dated 8.10.2008 passed by the Registrar, Co-operative Societies, Gujarat State, Gandhinagar in exercise of his powers conferred under section 115A(1) read with section 17 of the Gujarat Co-operative Societies Act, 1961, whereby resolution passed by the Manekchawk Co-operative Bank Limited, Ahmedabad in its Special General Meeting held on 11.8.2008 in respect of its merger with the respondent No.1 bank came to be approved and thereby, order of merger of the Manekchawk Co-operative Bank Limited, Ahmedabad with the respondent No.1 bank came to be passed subject to certain terms and conditions.

2. The case made out by the petitioners in this petition may be summerised as under:

2.1 On 12.4.2001, the petitioner No.1 was granted financial facilities by the Manekchawk Co-operative Bank Limited, a State Co-operative Bank registered under the Gujar

              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