Supreme Court Upholds Constitutional Validity of Maharashtra Cooperative Societies Act Provisions for Election Disqualification of Directors for Default in Loan Repayment. The Court held that Section 73AB and 73B of the MCS Act, 1960, which disqualify directors for default in repayment of loans, are not ultra vires the Constitution and are reasonable restrictions under Article 19(1)(g) and Article 14.
31 Dec 2025The case involves a batch of civil appeals challenging the constitutional validity of Sections 73AB and 73B of the Maharashtra Cooperative Societies A...
