Shri Arun B. Khanjire v. Ichalkaranji Urban Coop. Bank Ltd. and Others

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2009 Supreme(Online)(SC) 25

SUPREME COURT
, J
Shri Arun B. Khanjire v. Ichalkaranji Urban Coop. Bank Ltd. and Others

Advocates:
For the Appellants/Petitioners: Mr. Jaideep Gupta
For the Respondents: Mr. U. Lalit

Table of Content
1. details regarding loan transactions and the initiation of recovery proceedings. (Para 2 , 3 , 4)
2. arguments presented regarding compliance with statutory conditions for revision applications. (Para 7 , 8 , 9 , 10 , 12)
3. the court's reasoning on the compliance required under s.154 for entertainability of applications. (Para 19 , 20 , 21)
4. final ruling dismissing the special leave petition. (Para 22 , 23)

1. In view of the limited point of law involved, the Special Leave Petition is taken up for final disposal at the admission stage itself.

2. The petitioner is alleged to have taken loans from the respondent - Bank under 17 loan transactions either in his capacity as the principal borrower or as the Director of the firm M/s Prakash Offset Printers. According to the respondent - Bank a sum of Rs.413.16 lakhs together with interest was due to it from the petitioner as on 31.12.03.

3. The petitioner, along with the firm and its other Directors, disputed their liability to make the said payment and filed an application under S.91 of the Maharashtra Cooperative Societies Act , 1960. Initially, the Cooperative Court granted an order of status quo but vacated the same

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2009 Supreme(Online)(SC) 25

SUPREME COURT, JShri Arun B. Khanjire v. Ichalkaranji Urban Coop. Bank Ltd. and Others

Cases Referred (2)

SUPREME COURT
, J
Shri Arun B. Khanjire v. Ichalkaranji Urban Coop. Bank Ltd. and Others