k 1/2 41 wp 7522.26 as.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO.7522 OF 2026 Kaluram Govind Gulavi ....Petitioner V/S Sangli Vaibhav Co-operative Credit Society Ltd. & Ors. ....Respondents _________ Mr. Vinay M. Choudhary (through video conferencing) for the Petitioner. Mr. Gunjan Chaubey for Respondent. Ms. M.S. Srivastav, AGP for Respondent No.2/State. __________ CORAM : SANDEEP V. MARNE, J. DATE : 1 SEPTEMBER 2026. P.C.: 1. The Petition challenges Recovery Certificate dated 26 May 2023 passed by Deputy Registrar, Co-operative Societies. There is an alternate and equally efficacious remedy filing Appeal/Revision against the Recovery Certificate. Petitioner has already deposited an amount of Rs.3,00,000/- in this Court as per the order dated 16 June 2026. The Respondent-Credit-Society is permitted to withdraw the deposited amount with accrued interest. The Recovery Certificate is in respect of amount of Rs.4,32,558/-. Since substantial amount is already deposited. In my view, the Petitioner can be relegated to the remedy of filing Appeal/Revision before the District Deputy Registrar/Divisional Joint Registrar. katkam Page No. 1 of 2 2026:BHC-AS:36188 k 2/2 41 wp 7522.26 as.doc 2. Writ Petition is accordingly disposed of by leaving open the remedy of filing Appeal/Revision for the Petitioner against Recovery Certificate dated 26 May 2023. The amount deposited in this Court, which is permitted to be withdrawn by the Respondent-Credit Society shall be taken into consideration for the purpose of compliance with provisions of sub-section 2A of Section 154 of the Maharashtra Co- operative Societies Act, 1960. In order to enable the Petitioner to apply for stay, the ad-interim relief granted by this Court vide order dated 16 June 2026 shall continue to operate for a period of six weeks. The Revisional Authority shall decide the Appeal/Revision in accordance with law and on its own merits. Writ Petition is accordingly dismissed. (SANDEEP V. MARNE, J.) katkam Page No. 2 of 2 Signed by: Sudarshan R. Katkam Designation: PS To Honourable Judge Date: 03/09/2026 15:44:51