Woods Beach Hotels Ltd vs Mapusa Urban Co-Op.Bank Of Goa Ld.& Ors

The Supreme Court addressed the appeal against an interim order of the Bombay High Court which stayed the operation of an order by the Registrar of Co-operative Societies under Section 74 of The Multi State Cooperative Societies Act, 1984. The Court emphasized the necessity of proper notice to the appellant regarding the proceedings and the sale of mortgaged property, establishing that due process must be followed in such recovery actions. The Court ultimately held that the interim stay granted by the High Court was justified, ensuring the appellant's rights were protected pending a full hearing.