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        Trust and Society

        Section 87 - Winding up of co‑operative bank at the direction of Reserve Bank.

        Multi-State Co-Operative Societies Act, 2002
        Chapter X
        WINDING UP OF MULTI-STATE CO-OPERATIVE SOCIETY

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        Winding up of cooperative bank: central registrar must order winding up when Reserve Bank directs under statutory conditions. Where the Reserve Bank requires winding up on the grounds specified under the Deposit Insurance and Credit Guarantee Corporation Act, the Central Registrar is obligated to make an order for the winding up of the co operative bank, operating notwithstanding anything to the contrary elsewhere in the Act.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Winding up of cooperative bank: central registrar must order winding up when Reserve Bank directs under statutory conditions.

                                Where the Reserve Bank requires winding up on the grounds specified under the Deposit Insurance and Credit Guarantee Corporation Act, the Central Registrar is obligated to make an order for the winding up of the co operative bank, operating notwithstanding anything to the contrary elsewhere in the Act.


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