Ichalkaranji Merchants Bank Appeal Transferred

Authority: High Court of Judicature at Bombay, Circuit Bench at Kolhapur

Order Date: 25 August 2026

Case Overview

• Parties: Ichalkaranji Merchants Co-operative Bank Ltd. (Appellant) vs. Sandeep Chandrashekhar Savdimath & Anr. (Respondents).
• Proceedings: Criminal Appeal No. 817 of 2012 filed in the High Court. The appellant and its counsel were not present physically or via video conference.
• State Representation: Dr. A. A. Takalkar appeared for the Respondent‑State, referencing the Supreme Court judgment in Celestium Financial Vs. A. Gnanasekaran (2025 SCC OnLine SC 1320) to argue that the matter should be before the Sessions Court having jurisdiction.
• Judicial Observation: The Court noted the absence of the appellant and accepted the State’s submission that jurisdiction lies with the Sessions Court.

Order Details

1. The proceedings are transferred to the Sessions Court having jurisdiction.

2. The Registrar (Judicial) is directed to take appropriate steps for the transfer.

3. The Sessions Court, after re‑registration of the case, shall issue notice to the parties and proceed on its merits in accordance with law.

4. Given the pendency of the matter, the Sessions Court is requested to expedite the proceedings and the parties are urged to cooperate for early disposal.

5. Criminal Appeal No. 817 of 2012 is disposed of.

6. Any interim application, if filed, is also disposed of.

Final Outcome

• The High Court has transferred the criminal appeal to the competent Sessions Court, ordered re‑registration, notice issuance, and expedited handling, and formally disposed of both the appeal and any interim applications.

Topics: Court Transfer, Banking Litigation