Supreme Court of India
B. S. Sheshagiri Setty & Ors. v. State of Karnataka& Ors.
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From the headnote
Karnataka Co-operative Societies Act, 1959 - ss. 89 and 108 - Loan taken by appellants-farmers from Co- c Operative Bank - By mortgaging their agricultural property as security - Failure to repay the loan - Arbitration proceedings - Ex-parte award in favour of Bank directing recovery of loan by selling of the mortgaged property - Auction sale of the property on 27.5.1981-ln the meantime, Government notification notifying to waive off the interest amount on the loan taken by the borrowers, if they paid the principal amount by 30.…
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