Terraferma Developers LLP vs The Bank of India Staff Panchsheel Cooperative Housing Society Ltd & Ors
Bombay High Court Orders Vacant Possession and Appoints Receiver in Redevelopment Dispute Under Section 9 of Arbitration Act
Case Snapshot
Case Name: Terraferma Developers LLP v. The Bank of India Staff Panchsheel Cooperative Housing Society Ltd. & Ors.
Citation / Neutral Citation: 2026:BHC-OS:19486
High Court: High Court of Judicature at Bombay
Bench: Hon'ble Mr. Justice Amit Borkar
Date of Judgment: 1st September, 2026
Area of Law: Arbitration Law, Cooperative Societies Law, Redevelopment, Section 9 of Arbitration and Conciliation Act, 1996
Judgment Headline
Court directs non-cooperating society members to vacate premises and appoints Receiver for redevelopment project.
The Judgment in One Line
Bombay High Court allows Section 9 petition, orders dissenting members to hand over possession and execute PAAA, appointing Court Receiver upon non-compliance.
Why This Judgment Matters
This judgment clarifies that individual members' objections to redevelopment cannot indefinitely stall a project approved by the society's majority. It establishes that pending disputes before other forums do not bar Section 9 courts from granting interim measures. The ruling reinforces that dissenting members must vacate premises and cooperate with redevelopment, with their g
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