Search Results for "Nagpur District Central Co-operative Bank"

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Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

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Bombay High Court Dismisses PIL Seeking Inquiry into NCDC Loan Scheme for Powerloom Societies — No Public Interest Element Established as Petitioner Failed to Show Any Personal Injury or Violation of Statutory Duty.

The petitioner, Arun Mahadev Jadhav, described himself as a citizen who believed that government funds should not be misappropriated. He filed a writ ...

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Bombay High Court Upholds Disqualification of Directors in Cooperative Society Vehicle Misuse Case Under Section 78(1) of Maharashtra Cooperative Societies Act, 1960. Petitioners failed to prove vehicle use for society work, burden of proof not discharged.

The case involves four writ petitions filed by directors of a cooperative society challenging orders passed by the Divisional Joint Registrar under Se...