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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Creditors Can Request Inspection of Multi-State Co-Op Society Books; Must Prove Debt and Deposit Security</h1> The Central Registrar is authorized to inspect the books of a multi-State co-operative society upon a creditor's application. This inspection is contingent upon the creditor proving that the debt is currently due, a demand for payment has been made, and satisfaction has not been received within a reasonable time. Additionally, the creditor must deposit a security sum for inspection costs as determined by the Central Registrar. The results of the inspection are to be communicated to the creditor.
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