Disposed

M/S Onkar Cotton Agro Industries through Its Partner P K Golecha and Another v. the State of Maharashtra and Another

Bombay HC22 Nov 2016WP/11406/2016

Case brief

AI extract

What is this about?

In a writ petition, the Court directed the State Bank of Hyderabad to consider the petitioners' representation for converting a Cash Credit facility into a Term Loan expeditiously without analyzing the merits of the claim.

What did the court decide?

Directed the Bank to consider the petitioners' representation for conversion of Cash Credit into Term Loan expeditiously.

M/S Onkar Cotton Agro Industries through Its Partner P K… — Banking and Recovery | Bombay HC (2016)

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1 11-wp11406.odt

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD

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 WRIT PETITION NO.11406 OF 2016

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M/s. Onkar Cotton Agro Industries
and anr.

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..Petitioners

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Vs.

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The State Bank of Hyderabad
and anr.

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..Respondents

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Mr.S.S.Gangakhedkar, Advocate for petitioners

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CORAM : R.M. BORDE AND
SANGITRAO S. PATIL, JJ.
DATE : NOVEMBER 22, 2016

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PER COURT :

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Heard.

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2.The petitioners are praying for issuance

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of directions to the respondents - Bank to

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consider the representation tendered by the

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petitioners for conversion of Cash Credit facility

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into a Term Loan facility within the framework of
the guidelines issued by the Reserve Bank of
India.

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2 11-wp11406.odt

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3.Without commenting upon the merit of

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claim of the petitioners, we direct the
respondents - Bank to consider the representation
tendered by the petitioners, on its own merits and

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in accordance with the policy of the Bank,
expeditiously.

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4.It is clarified that this Court has not
scrutinised the merit of contentions raised by the
petitioners and it would be open for the
respondents to take appropriate decision in the
matter.

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5.With the above directions, the Writ

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Petition stands disposed of.

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[SANGITRAO S. PATIL, J.][R.M. BORDE, J.]

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kbp

M/S Onkar Cotton Agro Industries through Its Partner P K Golecha and Another v. the State of Maharashtra and Another

Case brief

What is this about?

What did the court decide?

M/S Onkar Cotton Agro Industries through Its Partner P K Golecha and Another v. the State of Maharashtra and Another

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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