Bombay High Court quashes bifurcation and deemed conveyance orders for violating natural justice, statutory procedure under MCS Act, and lack of hearing to existing society.
Bombay High Court holds that under the MCS Act, eligibility for cooperative society membership is governed solely by statute, rules, and bye-laws-not private development agreements.
Bombay High Court holds that non-compliance with Section 154(2A) of MCS Act renders revision applications invalid, reinforcing procedural compliance in cooperative banking disputes.
Bombay High Court holds that Registrars lack statutory power to issue NOCs for cooperative housing society redevelopment under Section 79A of the MCS Act, 1960.
Bombay High Court holds that Section 154(2A) of the MCS Act mandates a 50% pre-deposit before revision applications can be heard, rendering merits-based review illegal without compliance.