Kores (India) Ltd vs Bank Of Maharashtra & Ors

The Supreme Court addressed the leasing arrangement between M/s Jyoti Chemicals and the appellant, emphasizing the implications of the Bank of Maharashtra's claim for recovery and specific performance under the relevant provisions of the Code of Civil Procedure. The Court held that the appointment of a receiver was justified due to the Bank's prior hypothecation and the appellant's failure to pay rent, affirming the Division Bench's decision to allow the receiver to manage the property while ensuring the appellant's continued possession. The Court clarified that the receiver's authority included collecting rent and royalties, thereby upholding the interim orders issued by the lower courts.