# MAHARASHTRA STATE FINANCIAL CORPORATION vs NIMBA JAGANNATH TAMBOLI AND ORS.

Court: Bombay High Court
Date: 2025-12-24
Citation: LPA/141/2011
Petitioner: MAHARASHTRA STATE FINANCIAL CORPORATION
Respondent: NIMBA JAGANNATH TAMBOLI AND ORS.

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6InJHSGdFTWF6RkVYR2pkcXhtaE4wUkE9PSIsInZhbHVlIjoiVWN0UXRzenVjTkNXZjByc1hOZ1p2TEJRUm5PbDE3UFFybDJpa2gwYkRWYWN2K2lWZ1pPZlV1QkI3cnFpYW84YW5zUnphOG4wYks3WWdWNW5yK3dRQ1E9PSIsIm1hYyI6Ijk2MDYxZWQ5NjdhNmUyMjg0MmNjMzA5YjQxM2E0MmNjYTI0Yjc5MGU5NTVmYmYwMzFkMGIxNTU1NzI5YmE4NWMiLCJ0YWciOiIifQ==?expires=1782772925&signature=04fc8b78b96629b6e4621cca4d9b71971d83515969661c89de8c9cb39b36aa87)

## Judgment text (excerpt)

408.LPA.141.2011.DOC IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION LETTERS PATENT APPEAL NO.141 OF 2011 Maharashtra State Financial Corporation, a Corporation established under the State Financial Corporation Act, having its Head office at New Excelsior Building, 9th floor, Amrit Keshav Nayak Marg, Fort, Mumbai-400 001. Appellant versus Nimba Jagannath Tamboli, M-32, N-5/24/7, Swami Vivekanand Nagar, New CIDCO, Nashik-422 009. Respondent _______ Ms.Tanaya Patankar i/by Ms.NutanPatankar for Appellant. Mr.Vijay P.Vaidya with Mr.Mahendra Agvekar, Ms.Shraddha Chavan for the Respondent. _______ CORAM: G. S. KULKARNI & AARTI SATHE, JJ. Date of Reserving the Judgment : 11th December 2025 Date of Pronouncing the Judgment : 24th December 2025 JUDGMENT (Per : Aarti Sathe, J.) :- 1. This Letters Patent Appeal is directed against the judgment and order dated 1st March, 2011 (hereinafter referred to as `the impugned order’) passed by the learned Single Judge in Writ Petition No. 5752 of 1999 dismissing the Writ MANISH 2. Briefly the facts are:- i. The Appellant Corporation is incorporated under the State Financial Corporations Act, 1951 and is engaged in financing small

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