Supreme Court Allows Recovery Proceedings Against Defaulting Members of Cooperative Society Due to Financial Accountability. The court ruled that the liability of members for loans remains despite the termination of liquidation proceedings under Section 109 of the Maharashtra Cooperative Societies Act, 1960....
The dispute arose from the winding up of the Goa, Daman and Diu Cooperative Fisheries Federation Limited, which had failed to recover loans advanced to its members. The Registrar of Cooperative Societ...




