Nkgsb Co.Op. Bank v. the District Collector Nashik and Ors.
Case brief
What is this about?
Three writ petitions (WP 15355/2024, WP 15272/2024, WP 18632/2024) by NKGSB Co-op. Bank Ltd. branches at Ichalkaranji (Kolhapur), Sharanpur Road (Nashik) and Chinchwad (Pune) versus respective District Collectors and others. High Court of Judicature at Bombay; Coram: A.S. Chandurkar & M.M. Sathaye, JJ.; decided 10 February 2025. Key provision: Section 14, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ('Act of 2002'). Government counsel stated on instructions the Section 14 order would be implemented within six weeks; Court accepted the statement and directed execution in accordance with law within six weeks absent legal impediment; writ petitions disposed of.
What did the court decide?
With the aforesaid directions (acceptance of the six-week implementation undertaking and direction to execute the Section 14 order in accordance with law), the writ petitions stand disposed of.