Abhyudaya Co.Op. Bank Limited Thr Its Deputy General Manager v. State of Maharashtra Thr Government Pleader and Ors.
SARFAESI Act, 2002 – Section 14 – Possession of mortgaged/secured property
Case brief
What is this about?
Bombay High Court writ petition by Abhyudaya Co-Op. Bank Ltd. seeking directions to Respondent Nos.2 to 4 to comply with the District Magistrate's order dated 9th February, 2017 under Section 14 of the SARFAESI Act for taking possession of mortgage property. Mandal Adhikari/Tahasildar, Kalyan had declined possession relying on interim injunction orders dated 5th April, 2017 in Regular Civil Suit Nos. 501, 503 and 505 of 2016 and a contempt notice dated 14th June, 2024 issued by the Plaintiff. Court held the injunctions only barred Defendants 1 to 5 from dispossessing the Plaintiff without due process and did not bar possession-taking under Section 14 SARFAESI; directed compliance within four weeks with Police Assistance; petition allowed and disposed of, no costs.
What did the court decide?
Respondent Nos.2 to 4 directed to take measures in compliance with the District Magistrate's Order dated 9th February, 2017 within four weeks; Police Assistance to be provided to Respondent Nos.2 to 4 for taking possession of the mortgage properties within that time frame; petition disposed of with no order as to costs.