Inspection of books enables creditors to seek Registrar ordered review when a present debt remains unpaid after demand. A creditor may apply to the Central Registrar to inspect the books of an indebted multi State co operative society; the creditor must satisfy the Registrar that the debt is presently due and payment was demanded without satisfaction and must deposit security for inspection costs as required by the Registrar. The Central Registrar may authorise a person to inspect and must communicate the inspection results to the creditor.
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Provisions expressly mentioned in the judgment/order text.
Inspection of books enables creditors to seek Registrar ordered review when a present debt remains unpaid after demand.
A creditor may apply to the Central Registrar to inspect the books of an indebted multi State co operative society; the creditor must satisfy the Registrar that the debt is presently due and payment was demanded without satisfaction and must deposit security for inspection costs as required by the Registrar. The Central Registrar may authorise a person to inspect and must communicate the inspection results to the creditor.
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