Svc Co-Operative Bank Ltd. and Anr. v. the State of Maharashtra Thru. D M and Ors.
Case brief
What is this about?
Writ petition by secured creditor SVC Co-Operative Bank Ltd. and Anr against State of Maharashtra and Ors disposed of as infructuous; order by Magistrate under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 not resulting in actual relief; bank had taken possession of secured asset; borrowers trespassed into property; respondent State Authorities took action restoring bank's physical possession; Tabepavati (possession receipt) taken on record; High Court of Judicature at Bombay; coram Manish Pitale and Shreeram V. Shirsat; decision dated 10 March 2026.
What did the court decide?
No relief adjudicated by this Court; the petition was disposed of as infructuous after the respondent State Authorities' action resulted in the petitioner bank being put back in physical possession of the secured asset.