Search Results Page
Search Results
1 - 7 of 7 (0.21 seconds)Article 227 in Constitution of India [Constitution]
The Meghalaya Co-operative Societies Act
The Multi-State Co-Operative Societies Act, 2002
The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002
Karnataka Co-Operative Societies Act, 1959
Pandurang Ganpati Chaugule vs Vishwasrao Patil Murgud Sahakari Bank ... on 5 May, 2020
Banks and Financial Institutions
are bound to take coercive action for the speedy recovery
of outstanding loans. Even judicial intervention for such
recovery is now statutorily minimized and banks
themselves do it on their own. The 2002 Act is made inter
alia with that object in mind. Cooperative Banks are
brought within the beneficial fold of this Act vide Apex
Court decision in PANDURANGA GANAPATI CHAUGULE vs.
VISHWSARAO PATIL MURUGUD SAHAKARI BANK LTD.,
(2020) 9 SCC 215. Therefore, the coercive proceedings of
loan recovery inevitably taken up by the Respondent-Bank
under the provisions of the Act, cannot be faltered, no
breach therein having been demonstrated.
1