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SUPREME COURT
, J
Shri Arun B. Khanjire v. Ichalkaranji Urban Coop. Bank Ltd. and Others
| Table of Content |
|---|
| 1. disputes over loan liabilities and recovery process. (Para 2 , 3 , 4) |
| 2. procedural steps and compliance under the maharashtra act. (Para 5 , 6 , 7 , 10) |
| 3. arguments on maintainability based on statutory provisions. (Para 8 , 9 , 12 , 13 , 14) |
| 4. interpretation of 'entertain' within legal frameworks. (Para 19 , 21) |
| 5. final dismissal of 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 after hearing the Bank. The Co
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