Supreme Court of India · 2017-07-26
THE GREATER BOMBAY COOPERATIVE BANK LIMITED vs MR. NAGARAJ GANESHMAL JAIN AND ORS.
- Citation / case number
- SC 2014/27535
- Court
- Supreme Court of India
- Petitioner
- THE GREATER BOMBAY COOPERATIVE BANK LIMITED
- Respondent
- MR. NAGARAJ GANESHMAL JAIN AND ORS.
- Author
- HON'BLE MR. JUSTICE DEEPAK GUPTA
- Bench
- HON'BLE MR. JUSTICE MADAN B. LOKUR, HON'BLE MR. JUSTICE PRAFULLA C. PANT, HON'BLE MR. JUSTICE DEEPAK GUPTA
Judgment text excerpt
The Supreme Court overturned the Bombay High Court's decision, which had set aside the attachment order dated 14.12.2001 concerning Flat No. 12, New Shrinath Kunj, under the Maharashtra Cooperative Societies Act, 1960. The Court held that the attachment was valid as the respondent failed to prove ownership of the property and did not disclose the attachment during the application for membership in the Society. The Court emphasized that the principles of natural justice were upheld, and the attachment order was reinstated.