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High Court of Karnataka Dismisses Petition Challenging Appointment of Administrator for Cooperative Bank under Section 64 of Karnataka Co-operative Societies Act, 1959. Appointment of Administrator by Registrar of Cooperative Societies upheld as valid exercise of power under Section 64(1) of the Act.

The petitioner, Sri Guru Raghavendra Sahakara Bank Niyamitha, a cooperative bank registered under the Karnataka Co-operative Societies Act, 1959, file...

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High Court of Karnataka Allows Appeal of Co-operative Credit Society for Deduction Under Section 80P(2)(a)(i) of Income Tax Act, 1961 — Registration Under Karnataka Co-operative Societies Act, 1959 Does Not Disqualify for Deduction Under Section 80P(2)(a)(i) of Income Tax Act, 1961.

The appellant, Venugram Multipurpose Co-operative Credit Society Ltd., is a co-operative credit society registered under the Karnataka Co-operative So...