Supreme Court of India · 2022-11-16
Bhagyoday Cooperative Bank Ltd. vs Ravindra Balkrishna Patel Deceased. ...
- Court
- Supreme Court of India
- Petitioner
- Bhagyoday Cooperative Bank Ltd.
- Respondent
- Ravindra Balkrishna Patel Deceased. ...
- Author
- K.M. Joseph
- Bench
- Hrishikesh Roy, K. M. Joseph
Judgment text excerpt
The Supreme Court addressed the challenges faced by decree holders in executing decrees, particularly in the context of cooperative banking. The court examined the execution process under The Gujarat Co-operative Societies Act, 1961, emphasizing the need for effective remedies for banks in recovering dues. The judgment highlighted the obstacles encountered by the appellant-Bank in enforcing its decree against the partners of a defaulting firm, ultimately reinforcing the importance of judicial support in such financial disputes.