Maharashtra Co-operative Societies Act, 1960 — Section 98 — Recovery Certificate — Sale under Section 98 — Mandatory Deposit — Rule 107(11)(h) of Maharashtra Co-operative Societies Rules, 1961 — Deposit of entire auction amount within 15 days of auction date is a mandatory condition — Failure amounts to void sale — Bank did not raise objection and accepted deposit after 15 days — Such acceptance does not waive the mandatory condition — Sale was void as the entire amount was not deposited within the stipulated period.
2026 INSC 197 SUPREME COURT OF INDIA DIVISION BENCH M/S. ADISHAKTI DEVELOPERS AND OTHERS Vs. THE STATE OF MAHARASTRA AND OTHERS ( Before : Pamidighantam Sri Narasimha and Manoj Misra,…

