Svc Co-Operative Bank Ltd. Formerly Know as Shamrao Vithal Coop Bank Ltd. and Anr. v. the State of Maharashtra Thr the Hoble District Magistrate and Ors.
Case brief
What is this about?
SARFAESI Act 2002 Section 14; execution/implementation of DM order; Nayab Tahasildar Haveli; physical possession of secured assets; SVC Co-operative Bank (Shamrao Vithal Co-op Bank); State of Maharashtra; police assistance for possession at borrower-bank's cost; possession deadline 7 January 2026; notice of possession 5 December 2025; Bombay High Court WP 9624/2024; disposed with no costs.
What did the court decide?
Direction accepted that Respondent No. 2 (Nayab Tahasildar, Haveli) will take physical possession of the Secured Asset on or before 7th January 2026, with notice of possession to be issued on 5th December 2025; concerned Police Station directed to provide police assistance for possession, with its cost borne by the Petitioner; Writ Petition disposed of accordingly with no order as to costs. ¶23