Disposed¶31

PNB Metlife India Insurance Company Limited v. State of Maharashtra through the Department of Revenue and Forest, Mantralaya

Bombay HC9 Apr 2026WP/2201/2024

Case brief

AI extract

What is this about?

PNB MetLife India Insurance; No Objection Certificate (NOC) for share transfer; membership of cooperative society; Collector Mumbai Suburban District; Rishabh Infrastructure Private Limited; registered Deed of Transfer dated 27 March 2021; representation dated 17 February 2022; Article 226 Constitution of India; direction to decide pending application within 4 weeks; writ petition disposed.

What did the court decide?

Direction to Respondent No.2–Collector, Mumbai Suburban District to pass appropriate orders on the Petitioner's pending application received on 17th February 2022 (Exhibit-N) within 4 weeks from 17th April 2026; Petitioner to appear before the Collector on 17th April 2026 with copies of the order and the Writ Petition. ¶31

PNB Metlife India Insurance Company Limited vs State… — Writ and Judicial Review | Bombay HC (2026)

What the court decided

AI extract

Outcome

¶31

Issue for consideration

Whether Respondent No.2–Collector, Mumbai Suburban District should be directed to forthwith grant the Petitioner a 'No Objection Certificate' for transfer of the shares (of Rishabh Infrastructure Private Limited) by Respondent No.6 in the name of the Petitioner and to grant the Petitioner membership of Respondent No.6–Society, by deciding the Petitioner's representation dated 17th February 2022.

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Court's answer

Prima facie, since the shares have already been allotted and the Petitioner purchased the property under a registered 'Deed of Transfer' dated 27th March 2021, there should be no objection to the transfer of the Petitioner's name in the Society register. (Expressed as a prima facie view; the court did not itself order the transfer but left the application to be decided by the Collector.)

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Ratio / Principle

Respondent No.2–Collector, Mumbai Suburban District is directed to pass appropriate orders on the Petitioner's application received on 17th February 2022 (Exhibit-N to the Petition) within a period of 4 weeks from 17th April 2026.

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Key takeaways

The Petitioner is to appear before Respondent No.2–Collector, Mumbai Suburban District on 17th April 2026 along with a copy of the order and a copy of the Writ Petition.ratio¶30

Detailed headnote1 paragraphs

Bombay High Court (Ordinary Original Civil Jurisdiction), Writ Petition No.2201 of 2024 under Article 226 of the Constitution of India — PNB MetLife India Insurance Company Limited sought a direction to Respondent No.2, Collector, Mumbai Suburban District, to forthwith grant a 'No Objection Certificate' for transfer of the shares of Rishabh Infrastructure Private Limited by Respondent No.6–Society (comprising 15 units) in the Petitioner's name and to grant the Petitioner membership of the Society, pursuant to a registered 'Deed of Transfer' dated 27th March 2021; the Petitioner's representation dated 17th February 2022 to the Collector was pending. The Court observed that the shares having already been allotted and the property purchased under a registered Deed of Transfer, prima facie there should be no objection to the transfer of the Petitioner's name in the Society register. The Court directed the Collector to pass appropriate orders on the pending application (Exhibit-N) within 4 weeks from 17th April 2026 and directed the Petitioner to appear before the Collector on 17th April 2026 with copies of the order and the Writ Petition. Writ Petition disposed of (S. M. Modak and M. S. Karnik, JJ.).

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5-WP-2201-2024.doc

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION

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WRIT PETITION NO.2201 OF 2024

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Digitally signed by SATISH RAMCHANDRA SATISH SANGAR RAMCHANDRA SANGAR Date: 2026.04.09 19:14:25 +0530

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PNB MetLife India Insurance Company Limited

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...Petitioner

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V/s.

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State of Maharashtra, Through the Department of Revenue and Forest, Mantralaya, Mumbai and Ors. ...Respondents

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Mr.Tejas Gupta a/w Mr.Ravi Upadhyay i/b. D M Legal Ventures, Advocates for Petitioner.

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Smt.Nazia Sheikh, AGP, for Respondents-State.

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Mr.Ajit Anekar (Through V.C.) a/w Ms.Ashlesha Modak and Ms.Priyanka Srivastava, Ms.Madhuri Negi and Ms.Sanskruti More i/b. Auris Legal, Advocates for Respondent No.5.

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Mr.Sudarshan Satalkar and Ms.Palomi Vatsyayan i/b. Federal & Company, Advocates for Respondent No.6.

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*****

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P. C. :-

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Heard learned counsel for the Petitioner.

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Ms.Sheikh, learned AGP opposed the Petition.

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By this Petition under Article 226 of the Constitution of India,

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the Petitioner / PNB MetLife India Insurance Company Limited, prays

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for a direction to the Respondent No.2–Collector, Mumbai Suburban District to forthwith grant to the Petitioner “No Objection Certificate” for transfer of the shares by Respondent No.6 in the name of the Petitioner and for the Petitioner to be granted membership of the Respondent No.6–Society. The Petitioner has accordingly sent a representation dated 17^th February 2022 to the Respondent No.2– Collector, Mumbai Suburban District which was received on 17^th February 2022.

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The property in question has been purchased in view of the registered ‘Deed of Transfer’ dated 27^th March 2021. The Society comprises of 15 units. The request made is for transfer of the shares of Rishabh Infrastructure Private Limited in favour of the Petitioner.

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Considering that the shares have already been allotted, there should be no difficulty in transferring the shares since the Petitioner has purchased the said property by way of registered ‘Deed of Transfer’ dated 27^th March 2021. Prima facie, though we find that there should be no objection for the transfer of the Petitioner’s name in the Society register, considering that an application has been made to the Respondent No.2–Collector, Mumbai Suburban District, seeking

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appropriate relief, we direct the Respondent No.2–Collector, Mumbai Suburban District to pass appropriate orders on the application made by the Petitioner received by the Collector on 17^th February 2022 which is at Exhibit–N annexed to this Petition, within a period of 4 weeks from 17^th April 2026.

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The Petitioner to appear before the Respondent No.2–Collector, Mumbai Suburban District on 17^th April 2026 along with copy of this order and copy of the Writ Petition.

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With these observations, the Writ Petition is disposed of .

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(S. M. MODAK, J.) (M. S. KARNIK, J.)

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Satish Sangar

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PNB Metlife India Insurance Company Limited v. State of Maharashtra through the Department of Revenue and Forest, Mantralaya

Case brief

What is this about?

What did the court decide?

PNB Metlife India Insurance Company Limited v. State of Maharashtra through the Department of Revenue and Forest, Mantralaya

Case brief

What is this about?

What did the court decide?

Why is it important?

What the court decided

Issues for consideration

Statutes considered

Procedural history

Parties & counsel

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