Arunbhai Kalyanbhai Sutariya vs Nutan Nagrik Sahakari Bank Ltd.& Anr

The Supreme Court directed that pending appeals before the Debts Recovery Tribunal and the Gujarat State Cooperative Tribunal should be decided within three months, emphasizing that no coercive recovery actions under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) should occur during this period. The Court refrained from addressing the merits of the case and left open the question of the applicability of the SARFAESI Act and the Multi-State Cooperative Societies Act, 2002. The appeal was disposed of without costs.