Supreme Court Dismisses Appeal by Cooperative Bank Challenging Auction Sale of Liquidated Society's Property — No Undervaluation or Procedural Irregularity Found. The Court held that the auction sale conducted by the Liquidator under the Maharashtra Cooperative Societies Act, 1960 was valid and not vitiated by mala fides, as the appellant failed to object at the relevant time and the sale fetched a fair price.
4 Oct 2024The appellant, Ahmednagar District Central Cooperative Bank Ltd., sanctioned a cash credit loan of ₹95 lakh to Mula Sahakari Soot Girni Ltd., a coop...
