STATE BANK OF INDIA vs THE STATE OF MAHARASHTRA AND ORS. — APEAL/860/2023

Case under Mah. Protection of Interests of Depositors Section 11, 7(3), 5(3). Disposed: Contested--Allowed on 08th May 2026.

Case disposed

CNR: HCBM010249462023

e-Filing Number

02-06-2023

Filing Number

REVN/10205/2023

Filing Date

06-Jun-2023

Registration No

APEAL/860/2023

Registration Date

14-Jul-2023

Judge

Hon'ble Shri Justice A.S. Gadkari , Hon'ble Justice Kamal Khata

Coram

Hon'ble Shri Justice A.S. Gadkari , Hon'ble Justice Kamal Khata

Bench Type

Division

Category

CRIMINAL ( 9 )

Sub-Category

OTHERS ( 99 )

Judicial Branch

Criminal

Decision Date

08-May-2026

Nature of Disposal

Contested--Allowed

Last updated 12-Jun-2026

Acts & Sections

Mah. Protection of Interests of Depositors Section 11, 7(3), 5(3)

Petitioner(s)

  1. 1.STATE BANK OF INDIA

    Adv. MDP LEGAL,PARINAM LAW ASSOCIATES,PARINAM LAW ASSOCIATES, ,PARINAM LAW ASSOCIATES

Respondent(s)

  1. 1.THE STATE OF MAHARASHTRA AND ORS.

  2. 2.THE COMPETENT AUTHORITY

    Adv. MS. REBECCA GONSALVEZ (SPL. P.P.)

  3. 3.M/S. NATIONAL SPOT EXCHANGE OF INDIA LTD

    Adv. MZM Legal

  4. 4.MYNAH INDUSTRIES LTD.

  5. 5.METKORE ALLOYS AND INDUSTRIES LIMITED

  6. 6.SATHIDHAM SYNTEX LIMITED

  7. 7.PRASHANT BOORGU

  8. 8.SARITHA PRASHANT BOORGU

Case History

  1. Case disposedDisposed

  2. 08-May-2026

    Hon'ble Shri Justice A.S. Gadkari,hon'ble Justice Kamal KhataView PDF

    Case Summary: The Bombay High Court allowed State Bank of India's appeals against an order blocking the bank's sale of mortgaged properties under the SARFAESI Act. The court held that SBI, as a secured creditor with prior mortgage rights, could proceed with asset recovery despite the properties being attached in a criminal investigation into the NSEL scam, finding no prejudice to NSEL depositors since SBI's financial capacity ensures requisite amounts can be deposited if ultimately required. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 30-Mar-2026

    Hon'ble Shri Justice A.S. Gadkari,hon'ble Justice Kamal KhataView PDF

  4. 03-Sep-2025

    -For Orders

    Hon'ble Shri Justice A.S. Gadkari , Hon'ble Shri Justice Rajesh S. Patil

  5. 18-Jul-2025

    Hon'ble Shri Justice A.S. Gadkari,hon'ble Shri Justice Rajesh S. PatilView PDF

  6. 19-Jun-2025

    For Orders (Due Matters)

    Hon'ble Shri Justice Sarang Vijaykumar Kotwal , Hon'ble Shri Justice S. M. Modak

  7. 11-Mar-2025

    Hon'ble Shri Justice Sarang Vijaykumar Kotwal,hon'ble Shri Justice S. M. ModakView PDF

  8. 11-Mar-2025

    For Orders (Due Matters)

    Hon'ble Shri Justice Sarang Vijaykumar Kotwal , Hon'ble Shri Justice S. M. Modak

  9. 21-Jan-2025

    Hon'ble Shri Justice Sarang Vijaykumar Kotwal,hon'ble Shri Justice S. M. ModakView PDF

  10. 21-Jan-2025

    For Orders (Due Matters)

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  11. 17-Dec-2024

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  12. 17-Dec-2024

    For Orders (Due Matters)

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  13. 04-Dec-2024

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  14. 04-Dec-2024

    For Orders (Due Matters)

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  15. 13-Nov-2024

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  16. 13-Nov-2024

    For Orders (Due Matters)

    Hon'ble Justice Smt Manjusha Ajay Deshpande , Hon'ble Shri Justice Nitin W. Sambre

  17. 07-Oct-2024

    Hon'ble Justice Smt Manjusha Ajay Deshpande,hon'ble Shri Justice Nitin W. SambreView PDF

  18. 07-Oct-2024

    For Orders (Due Matters)

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  19. 19-Sep-2024

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  20. 19-Sep-2024

    For Orders (Due Matters)

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  21. 21-Aug-2024

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  22. 21-Aug-2024

    For Orders (Due Matters)

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  23. 14-Aug-2024

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  24. 14-Aug-2024

    For Orders (Due Matters)

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  25. 13-Aug-2024

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  26. 13-Aug-2024

    For Orders (Due Matters)

    Hon'ble Smt. Justice Bharati Dangre , Hon'ble Justice Smt Manjusha Ajay Deshpande

  27. 22-Jul-2024

    Hon'ble Smt. Justice Bharati Dangre,hon'ble Justice Smt Manjusha Ajay DeshpandeView PDF

  28. 11-Jul-2024

    For Orders--

    Hon'ble Shri Justice A.S. Gadkari , Hon'ble Shri Justice Shyam C. Chandak

  29. 02-May-2024

    Hon'ble Shri Justice A.S. Gadkari,hon'ble Shri Justice Shyam C. ChandakView PDF

  30. 02-May-2024

    For Orders--

    Hon'ble Shri Justice A.S. Gadkari , Hon'ble Shri Justice Shyam C. Chandak

  31. 16-Apr-2024

    Hon'ble Shri Justice A.S. Gadkari,hon'ble Shri Justice Shyam C. ChandakView PDF

  32. 16-Apr-2024

    For Orders--

    Hon'ble Shri Justice A.S. Gadkari , Hon'ble Shri Justice Shyam C. Chandak

  33. 26-Mar-2024

    Hon'ble Shri Justice A.S. Gadkari,hon'ble Shri Justice Shyam C. ChandakView PDF

  34. 26-Mar-2024

    For Orders--

    Hon'ble Shri Justice A.S. Gadkari , Hon'ble Shri Justice Shyam C. Chandak

  35. 05-Mar-2024

    Hon'ble Shri Justice A.S. Gadkari,hon'ble Shri Justice Shyam C. ChandakView PDF

  36. 05-Mar-2024

    For Orders--

    Hon'ble Shri Justice A.S. Gadkari , Hon'ble Shri Justice Shyam C. Chandak

  37. 13-Feb-2024

    Hon'ble Shri Justice A.S. Gadkari,hon'ble Shri Justice Shyam C. ChandakView PDF

  38. 13-Feb-2024

    For Orders--

    Hon'ble Shri Justice A.S. Gadkari , Hon'ble Shri Justice Shyam C. Chandak

  39. 25-Jan-2024

    Due Admission - 1

    Hon'ble Ms. Justice Gauri Godse , Hon'ble Justice Revati Mohite Dere

  40. 18-Dec-2023

    Hon'ble Ms. Justice Gauri Godse,hon'ble Justice Revati Mohite DereView PDF

  41. 18-Dec-2023

    Due Admission - 1

    Hon'ble Ms. Justice Gauri Godse , Hon'ble Justice Revati Mohite Dere

  42. 10-Nov-2023

    Hon'ble Ms. Justice Gauri Godse,hon'ble Justice Revati Mohite DereView PDF

  43. 20-Oct-2023

    Hon'ble Ms. Justice Gauri Godse,hon'ble Justice Revati Mohite DereView PDF

  44. 12-Oct-2023

    Hon'ble Ms. Justice Gauri Godse,hon'ble Justice Revati Mohite DereView PDF

  45. 06-Oct-2023

    Hon'ble Ms. Justice Gauri Godse,hon'ble Justice Revati Mohite DereView PDF

  46. 06-Oct-2023

    For Circulation

    Hon'ble Ms. Justice Gauri Godse , Hon'ble Justice Revati Mohite Dere

  47. 08-Sep-2023

    Hon'ble Ms. Justice Gauri Godse,hon'ble Justice Revati Mohite DereView PDF

  48. 17-Jul-2023

    Hon'ble Shri Justice Sarang Vijaykumar KotwalView PDF

  49. 17-Jul-2023

    First hearing

    Initial hearing scheduled

  50. 06-Jun-2023

    Case filed

    Registration No. APEAL/860/2023

casestatus.in Summary

Case Summary: The Bombay High Court allowed State Bank of India's appeals against an order blocking the bank's sale of mortgaged properties under the SARFAESI Act. The court held that SBI, as a secured creditor with prior mortgage rights, could proceed with asset recovery despite the properties being attached in a criminal investigation into the NSEL scam, finding no prejudice to NSEL depositors since SBI's financial capacity ensures requisite amounts can be deposited if ultimately required. This case analysis is maintained by casestatus.in based on publicly available court records.

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