Bombay High Court Dismisses Depositors' Petition Challenging Winding Up of Cooperative Bank — No Locus Standi for Individual Depositors Under Maharashtra Cooperative Societies Act, 1960. Winding Up Order Under Section 107 of MCS Act is Final and Cannot Be Challenged by Individual Depositors; Remedy Lies in Civil Suit for Damages.
21 Sep 2006The petitioners, Manda Ananda Salunkhe, Dropadabai Laxman Nalawade, and Mrs. Jatin Enterprises, were depositors and shareholders of Yeshwant Sahakari ...




