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of <h1>Liquidator Manages Multi-State Co-Op Society Winding Up Under 2002 Act; Appeal Pauses Order, Assets Controlled.</h1> Under the Multi-State Co-Operative Societies Act, 2002, when the Central Registrar orders the winding up of a multi-state co-operative society, a liquidator may be appointed to manage the process. The liquidator is responsible for securing the society's assets and claims, preventing their loss or damage, and may continue the society's business with approval. If an appeal is lodged against the winding-up order, the order is paused until confirmed, but the liquidator retains control over the assets. If the winding-up order is overturned on appeal, the society's assets revert to it.
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