KORES (INDIA) LTD. vs BANK OF MAHARASHTRA .

The Supreme Court addressed the dispute arising from a lease agreement between M/s Jyoti Chemicals and the appellant, focusing on the rights of the Bank of Maharashtra as a creditor. The Court held that the appointment of a receiver was justified due to the Bank's claim for recovery of dues, despite the appellant's contention regarding the payment obligations. The Court affirmed the Division Bench's order allowing the receiver to collect rents and manage the property, emphasizing the need for the appellant to comply with the financial obligations under the lease agreement.