Multi-State Cooperative Societies Act, 2002

Ganesh Bank, Kurundwad Ltd. incurred large losses in 2004‑05 and the Reserve Bank of India (RBI) imposed a three‑month moratorium on 7 January 2006 under section 45 of the Banking Regulation Act, 1950, appointing two of its own directors to the bank’s board. The RBI then proposed, and the Central Government sanctioned,…

The Supreme Court examined contempt petitions filed by Writers & Publishers Ltd. (WPL) alleging non‑compliance of its own order dated 17 May 2018, which directed a full refund of WPL’s investment in the failed revival of the multi‑state cooperative society Super Bazar along with 6% interest. The Court held that the ord…

The A.P. Mahesh Cooperative Urban Bank Shareholders Welfare Association (petitioner) challenged the election of the bank's board, alleging voter fraud and later loan fraud, and filed criminal complaints under various IPC sections. The accused respondents filed petitions under CrPC Section 482 seeking quash of the compl…

The respondent, Brijlal Sadashuk Modani, was a senior employee of Osmanabad Janata Sahakari Bank Ltd., a multi‑state cooperative bank. While in service he received notices from the Anti‑Corruption Bureau demanding details of his assets, which he contested on the ground that the Prevention of Corruption Act, 1988 (PCA) …

The case concerned two sugarcane growers' cooperative societies (Bajpur and Gadarpur) whose areas of operation were split between Uttar Pradesh and the newly created state of Uttarakhand after the Uttar Pradesh Reorganisation Act, 2000. The societies were reorganised under the Reorganisation Act, limiting their operati…

The appellant, Rasiklal Dalpatram Thakar, was charged by Madhavpura Mercantile Cooperative Bank for alleged loan fraud. The Chief Metropolitan Magistrate, Ahmedabad, under Section 156(3) of the CrPC ordered the Economic Offences Wing, State CID, to investigate. The investigating agency submitted a report stating that t…