Authority: Supreme Court of India
Order Date: 14-10-2026
Case Overview
- Petition for Special Leave to Appeal (C) No.16087/2017, arising from the impugned final judgment and order dated 30-01-2017 in WP No.4399/2013 of the High Court of Judicature at Bombay, filed by National Bank for Agriculture and Rural Development (NABARD) against Abdul Majid Babasoo Momin & Ors.
- The matter was heard by Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice K.V. Viswanathan on 14-10-2026, with counsel for both parties present.
- The Court referred to its earlier order dated 21-09-2026 and considered three affidavits filed on record: one by NABARD, one by Kolhapur District Central Co‑operative Bank (KDCCB), and one by the farmers.
- NABARD’s affidavit reiterated its willingness to pay an amount of Rs 66.76 crore to the bank.
- KDCCB, acting under the Central Government's Agricultural Debt Waiver and Debt Relief Scheme, 2008, stated that after applying its Normal Credit Limit (NCL) criteria, 45,255 loan accounts with a total loan amount of Rs 112,77,57,000 (Rs 112.77 crore) were declared ineligible.
- According to KDCCB, the farmers have repaid Rs 48,84,39,000 (Rs 48.84 crore) including interest on 29,284 loan accounts, while an amount of Rs 63,93,18,000 (Rs 63.93 crore) remains outstanding and unpaid.
- The Court observed that, prima facie, the dispute now centres only on the additional amount of Rs 48,84,39,000 highlighted by the bank.
Final Outcome
- The Court directed that the adjudication be confined to the balance amount of Rs 48,84,39,000.
- It ordered that a further meeting be convened at the earliest between NABARD and KDCCB to seek an amicable resolution of this amount.
- If the dispute is not resolved in the first meeting, the parties are to meet again subsequently until a solution is reached.
- The matter was listed for the next hearing on 17‑Nov‑2026.
Topics: Agricultural Debt Settlement, Court Order