MAHARASHTRA STATE COOP.BANK LTD. vs KANNAD SAHAKARI SAKHAR KARKHANA LD.&ORS. — SLP(C) No. 14772 - 14773/2010

Summary: The Supreme Court dismissed Maharashtra State Cooperative Bank's special leave petitions challenging the Bombay High Court's order upholding provident fund recovery against pledged sugar bags. The Court rejected the bank's arguments that: (1) a prior Supreme Court judgment was per incuriam; (2) worker provident fund dues should not take priority over secured bank debts; and (3) Essential Commodities Act provisions favored the bank. The Court affirmed that Section 11(2) of the Employees' Provident Funds Act creates a first charge on establishment assets for all employer dues, including interest and damages, taking priority over pledged property. This case analysis is maintained by casestatus.in based on publicly available court records.