India, Oct. 29 -- The Bombay High Court recently imposed a fine of Rs.50 lakh on the owner of a commercial premises in Kurla East for leasing it out to the Jammu and Kashmir Bank despite the property lacking an Occupancy Certificate (OC).

Justice Kamal Khata on October 17 ordered the property owner, 65-year-old businessman Bharat Keshavji Chheda, to pay the fine amount to the PM Cares Fund within two weeks. It also ordered the Maharashtra Housing and Area Development Authority (Mhada) and the bank's chairman to conduct an inquiry and identify the officers responsible for running the branch from the premises. The court has sought a report from them on the action taken within eight weeks.

Chheda had approached the high court after Mhada i...