STATE BANK OF INDIA vs THE STATE OF MAHARASHTRA AND ORS. Advocate - REBECCA GONSALVEZ — APEAL/861/2023

Case under Mah. Protection of Interests of Depositors Section 11. Disposed: --Allowed on 08th May 2026.

Case disposed

CNR: HCBM010266992023

e-Filing Number

16-06-2023

Filing Number

REVN/10871/2023

Filing Date

16-Jun-2023

Registration No

APEAL/861/2023

Registration Date

17-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

--Allowed

Last updated 12-Jun-2026

Acts & Sections

Mah. Protection of Interests of Depositors Section 11

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. Advocate - REBECCA GONSALVEZ

  2. 2.THE COMPETENT AUTHORITY UNDER MPID ACT

  3. 3.NATIONAL SPOT EXCHANGE OF INDIA LIMITED

    Adv. MZM Legal

  4. 4.MYNAH INDURTRIES LIMITED

  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

    The Bombay High Court allowed SBI's appeals, permitting it to proceed with SARFAESI Act auction of mortgaged properties despite prior attachment by Maharashtra authorities in the NSEL scam investigation. The court held that SBI's rights as a secured creditor take priority, and technical non-compliance with deposit orders shouldn't bar recovery, noting SBI can later account for proceeds if directed toward NSEL depositor claims. 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

    For Orders (Due Matters)

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

  14. 13-Nov-2024

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

  15. 13-Nov-2024

    For Orders (Due Matters)

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

  16. 07-Oct-2024

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

  17. 07-Oct-2024

    For Orders (Due Matters)

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

  18. 19-Sep-2024

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

  19. 19-Sep-2024

    For Orders (Due Matters)

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

  20. 21-Aug-2024

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

  21. 21-Aug-2024

    For Orders (Due Matters)

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

  22. 14-Aug-2024

    For Orders (Due Matters)

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

  23. 13-Aug-2024

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

  24. 13-Aug-2024

    For Orders (Due Matters)

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

  25. 22-Jul-2024

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

  26. 11-Jul-2024

    For Orders--

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

  27. 02-May-2024

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

  28. 02-May-2024

    For Orders--

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

  29. 16-Apr-2024

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

  30. 16-Apr-2024

    For Orders--

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

  31. 26-Mar-2024

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

  32. 26-Mar-2024

    For Orders--

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

  33. 05-Mar-2024

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

  34. 05-Mar-2024

    For Orders--

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

  35. 13-Feb-2024

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

  36. 13-Feb-2024

    For Orders--

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

  37. 25-Jan-2024

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

  38. 25-Jan-2024

    Due Admission - 1

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

  39. 18-Dec-2023

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

  40. 18-Dec-2023

    Due Admission - 1

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

  41. 10-Nov-2023

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

  42. 10-Nov-2023

    Due Admission - 1

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

  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. 12-Oct-2023

    For Orders (Due Matters)

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

  46. 06-Oct-2023

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

  47. 06-Oct-2023

    For Circulation

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

  48. 08-Sep-2023

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

  49. 17-Jul-2023

    Hon'ble Shri Justice Sarang Vijaykumar KotwalView PDF

  50. 17-Jul-2023

    First hearing

    Initial hearing scheduled

  51. 16-Jun-2023

    Case filed

    Registration No. APEAL/861/2023

casestatus.in Summary

The Bombay High Court allowed SBI's appeals, permitting it to proceed with SARFAESI Act auction of mortgaged properties despite prior attachment by Maharashtra authorities in the NSEL scam investigation. The court held that SBI's rights as a secured creditor take priority, and technical non-compliance with deposit orders shouldn't bar recovery, noting SBI can later account for proceeds if directed toward NSEL depositor claims. This case analysis is maintained by casestatus.in based on publicly available court records.

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