WOODS BEACH HOTELS LTD. vs MAPUSA URBAN CO-OP.BANK OF GOA LD..

The Supreme Court addressed the interim order of the Bombay High Court which stayed the operation of the Registrar of Co-operative Societies' order under Section 74 of The Multi State Cooperative Societies Act, 1984. The Court emphasized the necessity of proper notice to the mortgagor before proceeding with recovery actions, establishing that failure to serve notice invalidates the proceedings against the mortgagor. The Court ultimately upheld the need for due process in the enforcement of cooperative society regulations, leading to the dismissal of the appeal against the High Court's interim order.